“Facebook has announced plans to purchase Oculus VR, the company behind the Rift headset, for around $2 billion in cash and stock. This includes $400 million, and 23.1 million Facebook shares. An additional $300 million earnout will be paid in cash and stock if Oculus hits certain unspecified milestones. The company has received a total of $93.4 million in funding so far from Spark, Matrix, Founders Fund, Formation 8, BIG Ventures and Andreessen Horowitz. Oculus got a big boost in legitimacy recently when one of the founding fathers of 3D gaming, John Carmack, left id Software to become its CTO.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
(Visited 43 times, 1 visits today)
Related posts:
ACLU takes on the DEA for seeking prescription records without a warrant
The Next Head of Fannie and Freddie Gutted 'Audit The Fed' Legislation
Too Far Off Center
Overstock CEO: Amazon Will Be Forced To Start Accepting Bitcoin
Gen. Mark S. Martins on Gitmo Military Commissions: “The Will of Our People!”
3-D Printed Car Is as Strong as Steel, Half the Weight, and Nearing Production
How A Manhattan Jeweler Wound Up With Gold Bars Filled With Tungsten
Turkish Fighter Jets Repeatedly Violate Greek Airspace As Lira Free-Falls
Bill Bonner: When Gold Will Really Start to Glitter
Nvidia About To Steal The Cryptocurrency Mining Crown From AMD
Obama calls out encryption in terror strategy speech
CISPA cybersecurity bill coming back with 'significant improvements'
15 Percent of Malls To Close Due to Online Shopping?
Scientist calls for caffeine to be a regulated substance
Brooklyn man released from jail after 22-year murder conviction is overturned