On: Minecraft creator says he’s canceled talks for Ocu...

[dropit_sphere]

What's funny is that everyone would breathe a giant sigh of relief if, when asked about the deal, Zuckerberg just grinned boyishly and said, "It's a VR company run by Carmack, and I'm a multibillionaire. Of course I wanted to own it."

[ejain → dropit_sphere]

Maybe; but Zuckerberg didn't buy the company, Facebook did.

[DennisP → ejain]

Zuckerberg has complete control, with 57% of Facebook voting rights.

http://venturebeat.com/2012/02/01/zuck-power-play/

[_cbb1 → DennisP]

This article could be out of date because it was written in 2012. It's been reported that he has sold some shares.

[csense → _cbb1]

As a public company, isn't Facebook required to report how much of the company is owned by all major shareholders?

[ctdonath → ejain]

If Z doesn't have complete control, he's still got most control. Either way he knows that it's easier/cheaper to make FB the legal owner.

If you're gonna spend $2B to buy something you want, better if you can get someone else to foot the bill.