Facebook CEO Mark Zuckerberg, the man with the acquisition plan.
Anyone who has ever been involved in closing a billion-dollar acquisition deal will tell you that you don’t go in without a clear, well thought out plan.
Facebook CEO Mark Zuckerberg knows a thing or two about how to seal the deal on blockbuster buys. After all, he’s the man behind his company’s $19 billion acquisition of WhatsApp, he personally brokered its $1 billion buyout of Instagram and closed the $3 billion deal to buy Oculus VR.
Zuckerberg offered a primer on the strategies he and his company employ when they see an attractive target during testimony Tuesday in a lawsuit with ZeniMax Media , which accuses Oculus and Facebook of “misappropriating” trade secrets and copyright infringement. At the heart of the lawsuit is technology that helped create liftoff for virtual reality, one of the hottest gadget trends today.
A key Facebook approach is building a long-term relationship with your target, Zuckerberg said at the trial.
