1. Post #1
    Original 300 elitist.
    MiX-A's Avatar
    January 2005
    2,171 Posts
    Acquisition positions Facebook to accelerate Oculus' growth in gaming, communications and new social experiences

    Facebook today announced that it has reached a definitive agreement to acquire Oculus VR, Inc., the leader in immersive virtual reality technology, for a total of approximately $2 billion. This includes $400 million in cash and 23.1 million shares of Facebook common stock (valued at $1.6 billion based on the average closing price of the 20 trading days preceding March 21, 2014 of $69.35 per share). The agreement also provides for an additional $300 million earn-out in cash and stock based on the achievement of certain milestones.

    Edit: Guess I was late: http://facepunch.com/showthread.php?t=1379569
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  2. Post #2
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