GuitarAtomik
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From Yahoo Finance:
From CNBC:
A little more at both links.
Goodbye real world if old.
Facebook (FB)'s acquisition of Oculus was vetted in a matter of days, CEO Mark Zuckerberg revealed in a testimony on Tuesday.
Amid pressure to leapfrog mobile phone giants Apple (AAPL) and Google (GOOGL), Facebook pushed to buy virtual reality firm Oculus "in a moment's notice," in 2014, emails revealed.
"You wanted to begin legal diligence on a Friday and sign the deal Monday?" an attorney asked Zuckerberg, and he confirmed.
But Zuckerberg said the deal was delayed, as they needed key people to sign up.
"We were having a lot of [conversations] on our side about whether this was the right thing to go forward and do," Zuckerberg said. "$2 billion is a lot of money ... this was a real big strategy investment ... it was a big and contentious discussion.... until the end we weren't certain."
Emails between Zuckerberg and Facebook's deal maker, shown in court, revealed that the pair discussed the risk of doing the deal over the weekend, noting that some of the things that Oculus told Facebook "were simply not true."
Zuckerberg said that he shopped around and that "we decided that by far this was the best team out there and we wanted to move forward."
From CNBC:
Facebook CEO Mark Zuckerberg revealed in court testimony Tuesday that the company actually paid $3 billion to buy Oculus.
His testimony came in a Dallas courtroom, when game maker ZeniMax alleges that Oculus, bought by Facebook in 2014, stole the company's intellectual property.
ZeniMax's attorney pressed Zuckerberg on the total Facebook paid for the company. Zuckerberg revealed that beyond the $2 billion price tag, that was widely reported, Facebook paid an additional $700 million to retain employees and another $300 million earnout for hitting key milestones.
ZeniMax alleges that the Oculus Rift was "primitive" until Carmack added numerous improvements to the headset prototype, alongside ZeniMax employees.
"Carmack made breakthrough modifications to the Rift prototype based upon years of prior research at ZeniMax," the legal complaint says.
On the stand, Zuckerberg said, "I am here because I believe [these accusations] are false and I think it's important to testify to that."
Sammi asked Zuckerberg to respond to claims that Carmack had code and more than 10,000 documents from before he left ZeniMax.
"No, I wasn't aware of that," Zuckerberg said. "It's something we should investigate."
A little more at both links.
Goodbye real world if old.