Facebook Buys Oculus For $2B in Cash and Stocks

Facebook buys Oculus Credit: ROBYN BECK/AFP/GETTY IMAGES Facebook announced that it is eyeing the acquisition of Oculus VR Inc. by the second quarter of 2014. The anticipated Facebook Oculus deal is reportedly worth $2 billion. Oculus is the Irvine, California-based developer of Oculus Rift, a popular virtual reality headset. Ocular Rift headsets cover the eyes of the user and “create an immersive world that reacts to turning one’s head or moving back and forth.” Below is the statement of Mark Zuckerberg, explaining the social networking company’s desire of merging Facebook and Oculus. “I’m excited to announce that we’ve agreed to … Continue reading Facebook Buys Oculus For $2B in Cash and Stocks