The company will spin-off its video and audio unit into a separate subsidiary later this year.
The company has agreed to pay a fine of $975 million, ending a government investigation into anti-competitive practices.
After 94 years in business, the tech company has filed for chapter 11 bankruptcy protection.
The company set a new world record for the most profitable quarter of any company in history.
The deal is worth $15.4 billion and is subject to regulatory approval in the UK.
The company's Oculus VR bought Nimble VR and 13th Lab, and it added QuickFire and wit.ai to its shopping cart.
Mergers, acquisitions, listings and de-listings - it all happened in 2014.
China levies $140?million in back taxes from Microsoft in the first major case concerning cross-border tax evasion in the country.
The company is taking over Lufthansa's IT infrastructure services division, in a deal worth €1?billion.
The Internet firm acquires BrightRoll, provider of an automated advertising service, for $640 million.
The company is the focus of regulatory investigations in Europe and the US, as well as China.
The company acquired CloudScaling, Maginatics and Spanning.