Facebook Acquires Oculus VR, Maker of the Rift Headset, for $2 Billion

Oculus

Facebook has announced plans to purchase Oculus VR, the company behind the Rift headset, for around $2B in cash and stock. This includes $400 million in cash and 23.1 million shares of Facebook common stock. “I’m excited to announce that we’ve agreed to acquire Oculus VR, the leader in virtual reality technology,” said Facebook CEO Mark Zuckerberg in a statement today: “Our mission is to make the world more open and connected. For the past few years, this has mostly meant building mobile apps that help you share with the people you care about. We have a lot more to do on mobile, but at this point we feel we’re in a position where we can start focusing on what platforms will come next to enable even more useful, entertaining and personal experiences. This is where Oculus comes in.”

Read the full story at TechCrunch.

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