Facebook co-founder and CEO Mark Zuckerberg said during the company’s third-quarter earnings call Tuesday that he does not see virtual-reality offerings from recent acquisition Oculus VR reaching sales of 50 million to 100 million units and becoming a meaningful computing platform for several years, although he added that he was pleased with its progress.
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.
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.
Facebook addressed duplicate and fake accounts, teen usage, and potential closing dates for its acquisitions of WhatsApp and Oculus VR in its Form 10-Q quarterly report to the Securities and Exchange Commission Friday.
The Federal Trade Commission approved Facebook’s acquisition of immersive virtual reality technology company Oculus VR – maker of the Oculus Rift virtual reality headset — in a deal worth about $2 billion, which was originally announced late last month, Reuters reported.
Projects on Kickstarter often promise certain perks to donors, and Eric Calisto, creator of party game Terribands, guaranteed to refund all pledges, under one condition: Facebook must acquire his game for $2 billion.
Someone described as a person involved in Facebook’s $2 billion acquisition of immersive virtual reality technology company Oculus VR told Nick Wingfield and Vindu Goel of The New York Times that the social network plans to redesign Oculus’ hardware and rebrand it with a Facebook interface and logo, but Facebook is officially denying the report.