Facebook to acquire Oculus VR for $2 billion


Facebook intends to acquire virtual reality hardware company Oculus VR for $2 billion, a price that consists of approximately $1.6 billion in stock and $400 million in cash, it said in a press statement Tuesday.

“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 statement. “Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate.”

Oculus made a big splash two years ago when it launched a blockbuster Kickstarter campaign to fund its first product, the Rift. Since then, the company has been actively selling Developer Kits (though no consumer model has made it to market), and grabbing attention at tech trade shows — particularly with its latest product, Crystal Cove. Oculus has also managed to attract big names — including idSoftware founder…

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