Mergers and Acquisitions

Facebook buys virtual reality company Oculus

Facebook buys virtual reality company OculusFacebook CEO Mark Zuckerberg is betting virtual reality will follow mobile as the next major communication paradigm. While I’m not sure that’s true with VR tech alone, the massive user base and data stores of Facebook, used wisely despite a minefield of …

UPDATED: Google Acquires Wi-Fi Provider ICOA for $400 Million

UPDATED: Google Acquires Wi-Fi Provider ICOA for $400 MillionUpdated: This is not true. Angela Moscaritolo of PCMag.com reports: In a statement, Google said it made the acquisition to “further diversify its already impressive portfolio of companies.” The Web giant did not elaborate about its …

FBI examining HP/Autonomy accounting debacle

FBI examining HP/Autonomy accounting debacleHP’s got ninety-nine problems, but a recently-acquired pattern recognition company with possibly-dishonest accounting practices ain’t… …oh, nevermind.

H.P. Takes Huge Charge on 'Accounting Improprieties' at Autonomy

H.P. Takes Huge Charge on ‘Accounting Improprieties’ at AutonomyMichael J. de la Merced and Quentin Hardy, for the Times’ DealBook: The charge essentially wiped out its profit. The headline should say “outright misrepresentations,” not “accounting improprieties,” because the former is …