Facebook buys Oculus VR for $2 billion

I am shocked after this, and will just share Mark's Facebook status with you guys - I'm excited to announce that we've agreed to acquire Oculus VR, the leader in virtual reality technology.Our mission is to make the world more open and connected. For the past few years, this has mostly meant building mobile apps that help you share with the people you care about. We have a lot more to do on mobile, but at this point we feel we're in a position where we can start focusing on what platforms will … [Read more...]

Facebook buys WhatsApp for 19billion USD

Facebook on Thursday gave a thumbs up to buy mobile messaging service WhatsApp for a wooping price of 19billion USD, making it the companies largest acquisition. According to the terms of conditions of the deal, all the 55 WhatsApp employees including its Founder and CEO will be given restricted stocks worth 3billion USD. It is being said that Facebook has bought the InstantMessagingService(IMS) for getting a foothold in the mobile messaging market.Below is a … [Read more...]

Google’s strategy behind swallowing Nest Labs.

Photo credit - Forbes and Wikipedia.Photo credit - Valuewalk.comGoogle recently announced that it has entered into an agreement to acquire Nest Labs, the makers of  high tech thermostats and smoke detectors, for 3.2 Billion. The deal marks the second biggest purchase by Google. The biggest purchase was when Google acquired Motorola for 12.5 Billion USD. Google now has a strategy to enter the business of Web Connected house hold appliances. There are predictions that Google may now … [Read more...]

Apax buys GlobaLogic for 420 million.

Apax Partners has reportedly acquired GlobalLogic, an IT outsourcing firm co-founded by 4 Indians. The co-founders of the company are graduates from IIT. Apax Partners LLP is an UK-based private equity and venture capital firm, with headquarter in London, England. This buy has marked the biggest India exit deal for venture capitalists this year.  GlobalLogic, founded by Rajul Garg, Sanjay Singh, Manoj Agarwala and Tarun Upadhyay has its own unique hybrid business model. “It is one … [Read more...]

Google swallow’s Flutter for 40 million.

Flutter was a gesture recognition program developed by Navneet Dalal  and Mehul Nariyawala in 2010 it has been 2 years since then and now Google has decided to take this app a step forward by acquiring it for 40million USD. When starting this project the founders wanted to eleminate remotes, keyboards and even mouse by to making a gesture control program, in which you can control your computer, at least movies and musics via making gestures from your … [Read more...]