Facebook has agreed to buy Oculus for $2 billion, betting that its virtual reality technology may be a new way for people to communicate, learn or be entertained.
In an announcement that shocked readers and employees, Washington Post officials confirmed Monday that they are selling the paper to Amazon.com founder Jeff Bezos.
The parent company of Lord & Taylor is buying Luxury retailer Saks for about $2.4 billion. The news comes a little more than a month after reports surfaced that Hudson's Bay was interested in buying Saks.
Tribune Co. says it has reached a deal to buy Local TV Holdings LLC's 19 TV stations for $2.73 billion in cash.
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