Fenwick Represents Oculus VR in its Acquisition of Pebbles, Ltd.

Fenwick & West represented Oculus VR, Inc., a subsidiary of Facebook (NASDAQ: FB), the leading social media site, in its recently announced acquisition of Pebbles, Ltd., developers of custom optics, sensor systems and algorithms to detect and track hand movement. Financial terms of the transaction were not disclosed.

The acquisition will help the company advance virtual reality, tracking and human-computer interactions. More information about Oculus’ acquisition of Pebbles, Ltd. can be obtained from the company press release.

The Fenwick transaction team included corporate attorneys Greg Roussel, Stephen Fisher and Gilad Yacubovich; executive compensation and employee benefits attorneys Scott Spector, Liz Gartland and Grace Chen; technology transactions attorneys Ralph Pais and Michael Riskin; patent attorney David Wallace and tax attorneys Adam Halpern, Larissa Neumann and Ora Grinberg.