The social media giant Facebook announced in a blog post that is planning to buy Oculus VR for $2 billion. The deal will include $400 million in cash and 23.1 million shares of Facebook stock. Oculus VR is the company that made Oculus Rift, a virtual reality headset. Mark Zuckerberg, Facebook’s CEO, revealed his reasons […]
Facebook Buys WhatsApp
Facebook’s $19 billion acquisition of mobile messaging service WhatsApp is the company’s largest acquisition and translates to approximately 11 percent of Facebook’s market value. The deal is larger than any acquisition completed by Google, Microsoft or Apple, with Google’s biggest deal being a $12.5 billion purchase of Motorola Mobility and Microsoft’s biggest deal with Skype […]
Facebook Acquisition of Instagram
I came across a recent article on Motley Fool that talks about Facebook’s acquisition of Instagram and how it was a positive step in the right direction for the major social player. Many people criticized the acquisition by Facebook because Instagram at the time had no revenue driver, just a rapidly growing user base. Looking at […]