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Posts tagged Acquisition

Facebook's acquisition of Oculus is now official

Facebook's $2 billion acquisition of Oculus VR closed today, officially cementing the deal that was announced in March. Oculus and Facebook are as inseparable as a vampire squid wrapped around the face of humanity. Or a tech company and another tech company targeting a slightly different market. ...

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Report: Games industry saw $12.5 billion in acquisitions last year

Over $12.5 billion in game company acquisitions were announced in the last year, London-based game advisory firm Digi-Capital reports. The firm's second quarter review, as highlighted by GamesBeat, showed $4.6 billion of the deals involved mobile gaming companies. That was followed by $4 billion...

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Oculus to acquire Xbox 360 controller designer Carbon

Virtual reality company Oculus VR announced the acquisition of Carbon Design team this week. Carbon Design is best known as the designer of Microsoft's Xbox 360 controller, and will continue working from its studio in the Seattle area. Oculus said it has been working with Carbon "for nearly a year...

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FTC clears Facebook's purchase of Oculus VR

Facebook has earned U.S. antitrust approval to purchase Oculus VR, clearing the way for its acquisition of the company and its Oculus Rift VR headset technology, Reuters reports. The U.S. Department of Justice and the Federal Trade Commission approved the acquisition this week. Facebook...

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John Carmack on Facebook buy of Oculus: 'they get the Big Picture'

John Carmack, co-founder of id Software and current CTO of Oculus, has weighed in on the Internet's ... shall we say "mixed" reaction to the news of Facebook purchasing the virtual reality-oriented company. Carmack responded to a post titled "Wrong and Right Reasons To Be Upset About Oculus" on...

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Report: Microsoft pays up to $150M for augmented reality hardware IP

The rumors swirling around Microsoft's me-too attitude regarding virtual reality may be more than idle gossip, according to TechCrunch. Citing unnamed sources, the site reports that Microsoft has purchased augmented reality-related intellectual property of wearable tech company Osterhout Design...

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Oculus Rift launch date unaffected by Facebook acquisition, Luckey says

Facebook's $2 billion acquisition of Oculus VR won't speed up the Rift's development or push forward a launch date, Oculus co-founder Palmer Luckey told Game Informer. "There are things that are fixed in time that need to happen that no amount of money or partnership can move," Luckey said. ...

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Google buys Android controller manufacturer Green Throttle Games

While the developer closed near the end of 2013, Google confirmed that it just acquired the "parts and labor" as well as two co-founders of Green Throttle Games this week. PandoDaily reported that Green Throttle Games may be an asset for Google in the set-top TV box business. Green Throttle...

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3D Realms acquired by Rise of the Triad developer

Interceptor Entertainment, developer of the 2013 Rise of the Triad reboot, has acquired Apogee Software, who in turn owns the 3D Realms brand and formerly owned the Duke Nukem IP. The news was first reported by Danish newspaper Borsen, and confirmed on Twitter by Interceptor CEO Frederik Schreiber....

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Iwata: Nintendo considering mergers and acquisitions as an option

Nintendo President Satoru Iwata said mergers and acquisitions are an option for turning the company's fortunes around in a Nikkei interview. Iwata said the company "should abandon old assumptions about our businesses. We are considering M&As as an option. For this reason, we'll step up share...

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