Facebook acquired Oculus VR, Inc, a maker of virtual-reality glasses for $2 billion. This is Facebook’s second big acquisition in 2014 – it recently purchased WhatsApp for $19 billion. With these two acquisitions Facebook is expanding beyond its current social network platform by adding new capabilities and products. According to Facebook, wearable technology is the …
NY Times – DealB%k
- Ben & Jerry’s Accuses Unilever of Seeking to Muzzle Its Gaza Stance November 14, 2024The ice cream maker claimed in a lawsuit that its parent company tried to stop it from expressing support for Palestinian refugees.
- Meta Fined $840 Million in Europe for Boosting Marketplace Unfairly November 14, 2024Meta said it would appeal the decision by the European Union, which said the company had abused its dominance in social networking to strengthen its shopping and classified ads service.
- Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger November 14, 2024Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, after the Federal Trade Commission successfully sued to stop the transaction.