Facebook (FB) to Acquire Oculus VR for $2B
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'We Like Facebook's Forward Thinking' - Raymond James (FB)
March 26, 2014 8:01 AM EDTRaymond 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
Goldman Sachs Comments on Facebook's (FB) Oculus VR Deal
March 26, 2014 7:31 AM EDTOn 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
Facebook's (FB) Bold, Successful Investments Could Continue with Oculus Deal - Cowen
March 26, 2014 6:37 AM EDTCowen 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
Himax Technologies (HIMX) Sees Upside on on Facebook's Oculus VR Deal
March 25, 2014 5:54 PM EDTHimax 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
