A Bingham team led by partner Andrew Ray represented Oculus VR as it closed its sale to Facebook for approximately $2 billion. Oculus VR is the leader in immersive virtual reality technology and has built strong interest among developers, having received more than 75,000 orders for development kits for its virtual reality headset, the Oculus Rift. Facebook plans to extend Oculus’ existing advantage in gaming to new verticals, including communications, media and entertainment, education, and other areas.
The Bingham team, which split its time between the firm’s Silicon Valley office and Facebook’s Menlo Park, Calif., campus while working on the deal, included partners Jacqueline Cookerly Aguilera, Leiv Blad, Donald-Bruce Abrams and Natascha George; counsel Zarema Arutyunova; associates Jennifer Coupland, Lise Lipowsky, Ruoke Liu and Tyler Mah; and senior paralegal Jenny Zhang.