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Facebook to Acquire VR Company, Oculus VR For $2 Billion engine msg:4657399 11:47 am on Mar 26, 2014 (gmt 0) I wonder where this might be leading with Facebook.
Facebook has announced it will buy Oculus VR, a Californian company which specialises in virtual reality products, for around $2bn (£1.2bn). The start-up's flagship product, the Oculus Rift, is a goggle-like "immersive" headset for video gaming. Facebook to Acquire VR Company, Oculus VR For $2 Billion [ bbc.co.uk]
Strapworks msg:4657578 9:44 pm on Mar 26, 2014 (gmt 0)
For what good reason? It would be make more sense if the buyer were Apple, Microsoft, Sony, or even Google. One of these days we will learn Facebook is in insane debt and/or that their shares have been extremely diluted by them "trading" for companies. How can any shareholder not be concerned?