Brendan Iribe, the CEO of Oculus, has donated $31 million to the University of Maryland. Iribe attended school at Maryland between 1996 and 1997. The donation is the largest in history for the University of Maryland. It will be used to build a new computer science building for a dedicated virtual reality lab.
Twitter Inc (NYSE:TWTR) CEO Dick Costolo raised $1.8 billion in a convertible bond offering earlier this week. This is up from the $1.3 billion amount that it planned on raising. The bond offering is based on five years with the notes due in 2019 and a 0.25% interest rate. The seven-year 2021 notes have a 1% interest, which are payable semi-annually in March and September. The conversation rate is around 12.8793 shares per $1,000 in principal. This amount is equal to around $77.64 per share. Twitter will be using $112.3 million to pay the cost of hedges intended to offset any dilution eventual conversion of the notes, according to Forbes.
Earlier this week, Apple Inc. (NASDAQ:AAPL) announced the iPhone 6. At the end of the iPhone 6 launch announcement, Apple CEO Tim Cook and U2 lead singer Bono said that the new album will be distributed for free of charge to the approximately 500 million people that have iTunes.
Mobile payments company Square has reportedly raised $100 million in a new round of funding with a valuation of about $6 billion, according to financial filings.
On Friday, Apple Inc. (NASDAQ:AAPL) said that the sales of the iPhone 6 and iPhone 6 Plus broke some records. The new iPhones beat the previous overnight preorder record, according to a statement sent to Re/code.
Hewlett-Packard Company (NYSE:HPQ) has announced that it has acquired cloud platform provider Eucalyptus. The terms of the deal were undisclosed. Eucalyptus CEO Marten Mickos will be named as the head of HP’s cloud business. He will report directly to HP chairman, president, and CEO Meg Whitman.