close

Fenwick & West Represents Facebook in Acquisition of Oculus VR for Approximately $2B

March 25, 2014

Fenwick & West represented Facebook, Inc. (NASDAQ:FB), the leading social media site, in its acquisition of Oculus VR, Inc., one of the leaders in immersive virtual reality technology for approximately $2 billion. This includes a combination of cash and Facebook stock and the option for an additional $300 million earn-out in cash and stock based on the achievement of certain milestones.

The Fenwick transaction team included corporate attorneys Greg Roussel, Ken Myers, Luis Bacalao, Jay Wedge, Yael Perl, Nam Kim, Jordan Roberts and foreign lawyer clerk Guilherme Potenza; executive compensation and employee benefits attorneys Scott Spector, Adriana Sherwood, Kristin O’Hanlon and Patrick Grilli; technology transactions attorneys Stephen Gillespie, Michael Riskin and Madeline Zamoyski; patent attorney Greg Hopewell; trademark attorneys Kiran Belur and Mark Jansen; tax attorneys Adam Halpern, Larissa Neumann and Julia Ushakova-Stein; and employment practices attorney Sheeva Ghassemi-Vanni.