Facebook Acquires Oculus
Not long after Facebook’s $19 billion acquisition of Whatsapp, and Facebook’s stock growing larger than 150% in the last year; CEO Mark Zuckerberg makes a stock-cash deal yet again to buy the up-and-coming virtual reality headgear producer Oculus. This is the third time Facebook spends more than a billion dollars to buy a company that isn’t bringing much revenue, and allowing it to conduct its business exclusively. Facebook is payimg $400 million cash and 23.1 million shares of Facebook stock worth $1.6 billion. The deal also includes a $300 million earn-out in cash and stock.