Facebook Acquires Oculus VR for $2,000,000,000

  • Feed Type
  • 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.

Trending on Xconomy