Goldman Sachs Comments on Facebook's (FB) Oculus VR Deal
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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 7:23 AM EDT
Facebook (Nasdaq: FB) might be taking a risk with its plan to acquire Oculus, but if Instagram is anything to go by, the investment should provide the world's largest social network with years of growth.
The following was posted to the... 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 26, 2014 6:31 AM EDT
RBC Capital analyst Mark Mahaney commented on the strategic and financial implications of Facebook (NASDAQ: FB) $2 billion takeover of Oculus VR, saying the company is essentially trying to get in front of the curve in technology.
Mahaney said, "FBs pitch on this deal is that while Mobile is 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
March 25, 2014 5:31 PM EDT
Facebook (NASDAQ: FB) 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... More
