Tech Company M&A Transactions
Oculus VR Acquisition
Oculus VR was purchased by Facebook. The transaction was announced on 3/25/2014. Deal value was $2 billion.
Transaction Overview
Company Name
Acquired By
Announced On
3/25/2014
Transaction Type
M&A
Amount
$2,000,000,000
M&A Terms
The purchase price is composed of $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.
Company Information
Company Status
Acquired or Merged
Industry
Digital Media & VR & AR
Mailing Address
19800 MacArthur Blvd. 200
Irvine, CA 92612
USA
Irvine, CA 92612
USA
Phone
Website
Email Address
Overview
The company develops virtual reality technology devices.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Brendan Iribe
Chief Operating Officer
Laird Malamed
Chief Technical Officer
John Carmack
Founder
Palmer Luckey
VP - Engineering
Jack McCauley
VP - Product Management
Nate Mitchell
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Where The Data Comes From
We do our best to document every notable VC transaction. VC investment data records on this site come from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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