Facebook’s latest “acqu-hire” is a sound one, literally, as reports by TechCrunch and VentureBeat indicated that the team behind audio-production company WaveGroup Sound has joined Facebook, although the company was not acquired.
Facebook announced the acquisition of secure server technology provider PrivateCore Thursday in a post by Chief Security Officer Joe Sullivan, in which Sullivan said PrivateCore’s vCage technology will eventually be incorporated into the social network’s server stack.
Facebook announced in its Form 10-Q filing with the Securities and Exchange Commission last week that it was extending its deadline to close its acquisition of messaging service WhatsApp by one year, to Aug. 19, 2015.
Facebook’s acquisition of immersive virtual reality technology company Oculus VR officially closed earlier this week, and Co-Founder and CEO Mark Zuckerberg took some time during the social network’s second-quarter earnings call Wednesday to discuss how the combination of the two companies could impact the future of computing.
Facebook Directors Marc Andreessen and Peter Thiel received class-B shares in Facebook in exchange for their shares of Oculus VR following the official closing of the social network’s acquisition of the immersive virtual reality technology company earlier this week, and Form 4 filings detailing exercising of restricted stock units and sales of Facebook shares were also filed with the Securities and Exchange Commission Wednesday by Chief Operating Officer Sheryl Sandberg, Chief Product Officer Chris Cox and Chief Technology Officer Mike Schroepfer.
Facebook’s virtual reality transaction is now an actual reality, as the social network and immersive virtual reality technology company Oculus VR announced that the former’s roughly $2 billion deal to acquire the latter, originally announced in March, is now official.
Officials from the European Union’s central competition authority, the European Commission, sent detailed questionnaires to rival online messaging companies as part of the EC’s pending investigation of Facebook’s $19 billion deal to acquire WhatsApp, which was initially announced in February.
Facebook’s latest acquisition is aimed at bolstering the quality of its video ads and premium video ads, as the social network announced that it has brought video-ad-technology company LiveRail into the fold.