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.
Facebook Vice President for Europe, the Middle East, and Africa Nicola Mendelsohn discussed the company’s recent acquisitions of mobile messaging platform WhatsApp and immersive virtual reality technology company Oculus VR at the Fortune Most Powerful Women International conference in London.
As soon as the ink dried on Facebook’s acquisition of messaging application WhatsApp, industry leaders questioned whether the social network overpaid with its $19 billion buy. So why did Facebook do it? WhatsApp Co-Founder Brian Acton discussed how the company can help Facebook in the future at an event in Palo Alto, Calif., Wednesday night, hosted by Stanford University-spawned startup incubator StartX.
Facebook’s latest acquisition is aimed at furthering the global-connectivity goal of its Internet.org initiative, as Finland-based Pryte – which is focused on allowing mobile users in less-developed parts of the world to use applications — announced that its team would be joining the social network.
Hoping to avoid dealing with antitrust investigations by several countries in the European Union regarding its $19 billion acquisition of cross-platform messaging application WhatsApp, Facebook requested that the EU’s central antitrust authority, the European Commission, conduct a review of the transaction, The Wall Street Journal reported.
Since Facebook was founded in 2004, the company has spent a whopping $22 billion-plus on acquisitions, but what else could that money have gone toward?