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.
Mergers & Acquisitions
Lithium acquires San Francisco social media influence scoring platform for $200M
US social customer solutions provider Lithium Technologies acquired San Francisco-based social media influence scoring platform in a deal valued at $200 million in combined cash and equity.
Yahoo Japan to take telco eAccess from Softbank in $3.2B deal
Search giant Yahoo Japan is set to take Japan-based telco eAccess from Internet firm Softbank in a deal valued at $3.2 billion (JPY324 billion) to beef up its e-commerce and advertising businesses.
Texas retail chain Garden Ridge buys former Kmart store for $1.6M
Houston, Texas-based home decor retail chain Garden Ridge bought a former Kmart store located along Reynolds Road in Southern Toledo for $1.6 million to renovate and re-occupy the said property.
WPP Digital picks up majority stake in UK digital consultancy Cognifide
Dublin, Ireland-based global communications services firm WPP Digital picked up a majority stake in London, UK-based digital consultancy firm Cognifide for an undisclosed sum in a deal that will deliver mutual benefits to both companies.
Latest News
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.
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.
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.
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.
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.
Philippine conglomerate GT Capital Holdings Inc purchased a 79.84% holding in the Toyota Cubai Inc dealership in a deal valued at PHP311.5 million to integrate both its wholesale and retail operations
The merger of online video ad platforms Ebuzzing and Teads will create a global video ad group that will continue to provide complementary offerings to its clients, TechCrunch reported.
Bulgaria-based courier firm Speedy will acquire the delivery businesses of France-based firm GeoPost in Romania from LA Poste's GeoPost Group and Yurtichi Cargo Servizi AS for €15.3 million.
Texas, US-based PC giant Dell added Tulsa, Oklahoma-based analytics and data visualization software firm StatSoft for an undisclosed sum to beef up its software portfolio.
