Facebook Acquires Oculus VR For $2 Billion

Written by Gradly on . Posted in Acquisition, blog, Facebook, Games

Facebook to Acquire Oculus

Facebook Acquires Oculus VR For $2 Billion

After acquiring Instagram and Whatsapp, Facebook today announced that it has reached a definitive agreement to acquire Oculus VR, 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 achievement of certain milestones.

Microsoft Acquires Nokia Devices and Services Business For ~$7.1B

Written by Gradly on . Posted in Acquisition, blog, Microsoft, Mobile, Nokia

Microsoft will acquire Nokia’s Devices and Services business for 5.44 billion Euros.

Microsoft Acquires Nokia Devices and Services Business

Microsoft has just announced that they are acquiring Nokia‘s Devices and Services divisions in a move that will see Microsoft in control of Nokia’s smart phone properties. This is not a complete takeover, as Nokia will still be its own entity with its own patent portfolio. However, Microsoft will be granted a “10-year license” to Nokia’s patents.

Microsoft will pay $3.79 billion euros on the Devices and Services business and $1.65 to license patents. 32,000 staff will move from Nokia to Microsoft, with Nokia CEO Stephen Elop moving to Microsoft as executive VP of Devices and Services.

Google Has Acquired Waze to Enhance Google Maps

Written by Gradly on . Posted in Acquisition, blog, google

Google Acquires  Waze

Google Acquires Waze

Google has acquired social mapping service Waze to improve Google Maps. the Israeli startup team will remain in Israel where Google already has its offices and will continue to work separately for the time being.

“To help you outsmart traffic, today we’re excited to announce we’ve closed the acquisition of Waze. This fast-growing community of traffic-obsessed drivers is working together to find the best routes from home to work, every day,” Google announced on its official blog.

“We’re excited about the prospect of enhancing Google Maps with some of the traffic update features provided by Waze and enhancing Waze with Google’s search capabilities,” Google said. “We’ll also work closely with the vibrant Waze community, who are the DNA of this app, to ensure they have what’s needed to grow and prosper.”

Google didn’t disclose how much they paid for the startup.

Disney to Buy Lucasfilm for $4.05 Billion

Written by Gradly on . Posted in Acquisition, blog, Disney, Movies, News, Pixar

Disney to Buy Lucasfilm for $4.05 Billion

Disney to Buy Lucasfilm for $4.05 Billion

It seems like Darth Vader and Micky Mouse will soon become colleagues, after Disney’s $4.05 billion purchase of Lucasfilm deal is finalized.

Disney will acquire Lucasfilm from its founder George Lucas for $4.05 billion, the company announced on Tuesday, Oct. 30. Disney will pay about half of the deal in cash and issue about 40 million shares.

Disney also announced plans to make a new Star Wars movie called “Episode 7” to be released in 2015, probably followed by Episode 8 and 9. In a statement regarding the matter, George Lucas, chairman and CEO of Lucasfilm, said:

“For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next, it’s now time for me to pass Star Wars on to a new generation of filmmakers. I’ve always believed that Star Wars could live beyond me, and I thought it was important to set up the transition during my lifetime. I’m confident that with Lucasfilm under the leadership of Kathleen Kennedy, and having a new home within the Disney organization, Star Wars will certainly live on and flourish for many generations to come. Disney’s reach and experience give Lucasfilm the opportunity to blaze new trails in film, television, interactive media, theme parks, live entertainment and consumer products.”

George Lucas owns 100 percent of Lucasfilm, the company behind the Star Wars franchise and the Indiana Jones movies. After the deal is finalized, he will become Disney’s second largest shareholder and will remain on board as a creative consultant.

Lucasfilm purchase is Disney fourth largest purchase. Disney purchased Capital Cities/ABC in 1995 for $19.7 billion, Pixar in 2006 for $7.6 billion, and Fox Family in 2001 for $5.2 billion.

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