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.
