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Facebook buys a virtual reality company for $2 billion

Facebook has made another staggering purchase — $2 billion for  the virtual reality gaming company, Oculus VR Inc. The social network made the announcement on its website yesterday. The deal includes $400 million in cash,  23.1 million shares of Facebook common stock, and $300 million earn-out in cash and stock “…  based on the achievement of certain milestones.” “Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow,” said Facebook founder and CEO, Mark Zuckerberg in the website statement. “Oculus... Read More →

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