Yosemite Sam wrote on Mar 26, 2014, 21:21:
jdreyer wrote on Mar 26, 2014, 20:31:
$2B is just insane. $50M I could see, maybe even $100M given that they'd gotten something like $35M in venture capital. But $2B???
I'm beginning to think the 2 billion number is being misrepresented. Somehow I doubt Mark paid 2 billion for the company and it's more like he's investing 2 billion into the company.
It was an acquisition by a public listed company, misrepresentation would be a serious matter indeed.MENLO PARK, Calif., March 25, 2014 /PRNewswire/ -- 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.