Facebook Acquires Oculus VR

 

Facebook, the social media giant, has acquired Oculus VR, the company behind the Oculus Rift virtual reality headset, for $2 billion dollars, $400 million in cash and 23.1 million in Facebook shares valued at $1.6 billion, as well as an additional $300 million bonus assuming certain milestones are reached.  The Rift is a wearable head-mounted display designed to immerse the wearer in virtual 3-D games and other virtual realities.

The Oculus Team made this statement about the purchase.  Read the complete blog post here.

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