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  • Image of Facebook to Buy Oculus Virtual Reality Company for $2 Billion USD

Facebook to Buy Oculus Virtual Reality Company for $2 Billion USD

With yet another acquisition early on this year, Facebook has announced its plan to buy California-based tech company Oculus Virtual Reality for approximately $2 billion USD. Oculus VR is known for its gaming headset entitled the Oculus Rift as well as a number of other tech-related products. Facebook founder Mark Zuckerberg stated that it is companies like Oculus VR that ”change the way we work, play and communicate” and thus he will offer $400 million USD in cash, and 23 million Facebook shares valued at $1.6 billion USD.

Date: Mar 26, 2014  /  Views: 6555  /  Author: Johnathan Beckett
Category: Tech  /  Tags: Gadgets, Facebook, Oculus virtual reality