
Facebook acquires virtual reality company Oculus VR for $2 billion
Facebook has announced it has reached an agreement for the purchase of Oculus VR, Inc., producer of the virtual reality head-mounted display Oculus Rift, for a total of about $2 billion. The figure includes $400 million in cash and 23.1 million shares of Facebook common stock. The agreement also includes an additional $300 million in cash and shares based on the achievement of certain goals that weren’t specified in the press release.