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Facebook Acquires Oculus VR, Takes Poking to the Next Level


You probably visit Facebook daily to chat with friends, keep up with the news and catch up on cat videos, and thanks to the social giants latest acquisition, you may some day do it all in virtual reality. Facebook has bought out virtual reality headset maker Oculus VR for roughly $2 billion, taking ownership of the California-based company behind the popular Oculus Rift headset. According to Facebooks blog, the social network purchased Oculus VR for $400 million in cash and 23.1 million shares of Facebook common stock, which is valued at about $1.6 billion.

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FRIDAY, APRIL 16, 2021

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