Facebook (FB) to Acquire Oculus VR for $2B
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Go back to Facebook (FB) to Acquire Oculus VR for $2B
March 26, 2014 8:01 AM EDT
Raymond James analyst Aaron Kessler weighed in on Facebook's (NASDAQ: FB) $2 billion acquisition of virtual reality company Oculus VR.
Kessler notes, "While Oculus has primarily focused on the gaming industry to date, Facebook plans to expand the Occulus technology to several new verticals, including... More
March 26, 2014 7:31 AM EDT
On Tuesday, investors learned that Facebook (NASDAQ: FB) reached a definitive agreement to acquire Oculus VR, Inc., a developer of virtual reality technology, for a total of approximately $2 billion.
Commenting on developments, analyst Heather Bellini of Goldman Sachs said, "Oculus develops a virtual reality headset for gaming, the Oculus Rift. The company also sells development... More
March 26, 2014 6:37 AM EDT
Cowen and Company maintains its Outperform rating and $85 price target on Facebook (Nasdaq: FB) following news Tuesday night that the company will acquire Oculus VR in a deal valued around $2 billion. The deal includes $400 million of cash, 23.1 million of stock, and a $300 million earn-out for hitting certain milestones.
On the... More
March 25, 2014 5:54 PM EDT
Himax Technologies, Inc. (NASDAQ: HIMX) is up 2.9% after-hours on news Facebook (NASDAQ: FB) acquired Oculus VR, Inc. for a total of approximately $2 billion. The back of the Oculus Rift LDC has A Himax HX8851 timing controller.... More
