Facebook to Acquire Oculus 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...

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

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...

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...

Digg Rebooted, Launches Redesign and iOS App After being acquired by Betaworks, Digg redesign has gone live, a result of a very rapid 6-week redesign process. The new design is simpler and cleaner, it emphasizes top stories, popular stories, and upcoming stories. The new Digg score system will take advantage from social networks such as Facebook and Twitter to rank stories. The front page of Digg will also features editorial stories instead...

Microsoft to Acquire a Multi-touch Technology Company, Perceptive Pixel Microsoft announced during a keynote talk at the Worldwide Partner Conference that the company acquired touchscreen technology company Perceptive Pixel known for making giant multi-touch displays capable of detecting up to 100 touch events or 10 simultaneous users simultaneously. The founder, Jeff Han, has amazed the world with his public demonstration of multi-touch...