Oculus acquisition complete
Regulators approve Facebook’s acquisition of Oculus. Facebook bought Oculus for $2 billion in March 2014, but it takes time for state and local anti-trust teams to approve the acquisition. The companies release a joint statement:
We’re looking forward to an exciting future together building the next computing platform and reimagining the way people communicate.
Acquires LiveRail
Facebook acquires LiveRail, an advertising technology company that creates video ads for websites and apps. LiveRail customers include companies such as Major League Baseball, Gannett, DailyMotion and ABC Family.
We believe that LiveRail, Facebook and the premium publishers it serves have an opportunity to make video ads better and more relevant for the hundreds of millions of people who watch digital video every month.