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Showing posts with label Acquisition. Show all posts
Showing posts with label Acquisition. Show all posts

Tuesday, 25 March 2014

Oculus VR Acquired By Facebook for $2 Billion, Company Developing Virtual Reality

Recently Facebook's CEO Mark Zuckerberg announced the acquisition of Oculus VR for $400 Million Cash and $23.9 Million against facebook shares. Oculus VR is the company responsible for developing the futuristic technologies(Virtual Realities) like Oculus Rift. 
Mark Stated that:- "This is where Oculus comes in. They build virtual reality technology, like the Oculus Rift headset. When you put it on, you enter a completely immersive computer-generated environment, like a game or a movie scene or a place far away. The incredible thing about the technology is that you feel like you're actually present in another place with other people. People who try it say it's different from anything they've ever experienced in their lives."

Facebook Posted About the Acquisition

This is the future of the technology which according to Mark Zuckerberg is - Imagine enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face -- just by putting on goggles in your home.
CEO is planning something that is beyond the minds of normal person day to day living. The success of this project can add marvels to the field of technology. 
Mark's stated that the Oculus will continue to operate independently at their projects. He also writes, "By feeling truly present, you can share unbounded spaces and experiences with the people in your life. Imagine sharing not just moments with your friends online, but entire experiences and adventures."
We are stepping towards the new era of technology improvements, various internet giants like Google, Facebook etc. are working into their domains for enhancing futuristic technologies. Read more about the Oculus Rift => Oculus Rift
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Friday, 21 February 2014

Why WhatsApp Is Acquired By Facebook for $19 Billion

Recently the news of WhatsApp acquisition by the Social Networking Giant Facebook made the Highlights this week. Some users are applauding the takeover. Whatsapp said in a blog post that "You can still count on absolutely no ads interrupting your communication, There would have been no partnership between our two companies if we had to compromise on the core principles that will always define our company, our vision and our product." 



Facebook's Planning behind this partnership:
The CEO of Facebook 'Mark Zuckerberg' posted on his wall that "Our mission is to make the world more open and connected" that means both the companies can merge to work but Mark said "Whatsapp will continue to work independently within facebook" 
In other words, Facebook just bought 450 Million Phone numbers on $19 Billion. 


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