Facebook (FB) continues its buying spree with the purchase of startup, Oculus VR for $2 billion. Oculus, which makes a virtual-reality headset called the Oculus Rift, has only sold the product to developers, not to the general public. This is Facebook's second multi-billion dollar deal in as many months. In February, the company announced it would buy messaging service WhatsApp for $19 billion.
Amazon (AMZN) customers yesterday began receiving credits in their eBook accounts as the result of a settlement reached between five publishing companies and state attorneys general over price-fixing for eBooks. Customers of Amazon and other online retailers will receive a total of $166 million in refunds related to an antitrust case in which publishers forced consumers to pay inflated prices for eBooks sold between April 2010 and May 2012.
Plug Power (PLUG) was higher again in pre-market trading after surging 30% yesterday on reports the fuel cell maker will announce a major deal in the next few weeks. Plug Power CEO Andy Marsh told MarketWatch the company was about to announce a deal with a global automaker. Plug Power’s stock has been on a wild ride in recent weeks, first surging on a contract with Wal-Mart, then retreating after analysts at Citron said Plug Power's shares would be fairly valued at $0.50.
And shares of King Digital Entertainment are set to begin trading today on the New York Stock Exchange under the ticker: KING. The maker of Candy Crush Saga priced its initial public offering last night in the middle of its expected price range at $22.50 after the close of trading. The company says it sold 22.2 million shares which will give it a market value of about $7 billion.
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