Facebook acquires Oculus VR in $2B deal

Social media giant Facebook acquired California, US-based virtual reality headset maker Oculus VR in a deal valued at $2 billion to help the startup expand beyond non-gaming applications of its technology.


Kraken bitcoin exchange bags $5M for Series A round

Kraken, the bitcoin exchange division of Payward Inc, raised $5 million for its Series A funding round led by Hummingbird Ventures, a statement about the financing said.

Accel Partners and Redpoint Ventures invest $11.2M in Series A round of Tactile

Tactile has received $11.2 million from Accel Partners and Redpoint Ventures for its Series A funding round that helps professionals bring their data in one place, TechCrunch reported.

Triton funds ink deal to purchase Norway-based oil services firm Cubility from Energy Ventures

Cubility, the maker of MudCube, has been bought by funds advised by Triton from Energy Ventures for an undisclosed price tag, a statement about the acquisition said.


Latest News

Palo Alto Networks, a cyber security firm based in Santa Clara, California, has bought Israel-based cyber security company Cyvera for a price tag of $200 million, TechCrunch reported.
San Francisco, US-based virtual ad firm DemandBased raised $15 in a funding round led by Greenspring Associates to build the mobile ad capabilities of its B2B enterprise software platform.
California-based YouTube online video content network Maker Studios has been acquired by The Walt Disney Studios in a deal valued at $500 million, TechCrunch reported.
Box, the cloud storage startup that rivals Dropbox, has filed an S-1 form with the US Securities and Exchange Commission for its initial public offering, VentureBeat reported.
Internet entrepreneur Kim Dotcom's Mega Ltd intends to list in New Zealand by doing a reverse takeover of TRS, an inactive shell company, Reuters reported.
Illinois, US-based software systems provider Wellspring Worldwide bagged $3.5 million in funding from undisclosed investors, according to a document filed with the US Securities and Exchange Commission.
Albany Molecular Research Inc bought Grafton, US-based pharmaceutical ingredients manufacturer Cedarburg Hauser Pharmaceuticals in a deal valued at $41 million that will up its 2014 revenue by $14 million.
Private equity firms, hedge funds and mutual funds are taking part in mega deals in tech startups in Silicon Valley and BlackRock is the latest to join the fray, Bloomberg News reported.
Shareholders of Wall Street lender Morgan Stanley are looking forward to the decision of the US Federal Reserve if it will allow it to return capital to them via share repurchases, Reuters reported.
Pennsylvania-based York Professional Baseball Club LLC added sports radio station WOYK AM 1350 from WOYK Inc for an undisclosed amount in a deal that will turn the latter in to an affiliate of the Hershey Bears Radio Network.
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