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Facebook buys virtual reality firm Oculus for USD 2 bln

2014-03-26 09:51:00| Telecompaper Headlines

(Telecompaper) Facebook has signed a definitive agreement to acquire immersive virtual reality technology specialist Oculus VR for a total of around USD 2 billion. This includes USD 400 million in cash and 23.1 million shares of Facebook common stock (valued at USD 1.6 billion). The deal also provides for an additional USD 300 million earn-out in cash and stock based on the achievement of certain milestones. Oculus has received more than 75,000 orders for development kits for the Oculus Rift virtual reality headset. Facebook plans to extend Oculus' existing advantage in gaming to new verticals, including communications, media and entertainment, education and other areas. The deal is expected to close in Q2 2014.

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Facebook buys virtual reality firm

2014-03-25 23:21:54| BBC News | Business | UK Edition

Facebook announces it will buy Oculus VR, a Californian company specialising in virtual reality products, for around $2bn (1.2bn).

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Spotify Buys Music Intelligence Firm The Echo Nest

2014-03-06 18:35:07| PC Magazine MP3 Player Product Guide

The Echo Nest already powers Spotify's radio service, but the acquisition brings the companies closer together.

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Spotify Buys Music Intelligence Firm The Echo Nest

2014-03-06 18:35:06| PC Magazine Software Product Guide

The Echo Nest already powers Spotify's radio service, but the acquisition brings the companies closer together.

Tags: music firm intelligence echo

 

GERMANY: Private equity firm buys Bench brand owner

2014-03-02 11:56:00| Daily apparel & textile news and comment - from just-style.com

Munich-based private equity firm EMERAM Capital Partners GmbH is to buy Americana International Limited, owner of the Bench fashion brand.

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