Facebook Acquires Oculus VR for $2,000,000,000
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=364734be-2ac6-422b-ba1f-eac330dc48ca - Date
3/25/2014 - Company Name
Oculus VR - Mailing Address
19800 MacArthur Blvd. Irvine, CA 92612 USA - Company Description
The company develops virtual reality technology devices. - Website
http://www.oculusvr.com - Transaction Type
M&A - Transaction Amount
$2,000,000,000 - Transaction Round
- Proceeds Purposes
- M&A Terms
The purchase price is composed of $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.
