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Facebook gets U.S. antitrust approval to buy Oculus

23
Apr
2014

Social network giant Facebook Inc has won U.S. antitrust approval to buy Oculus VR Inc, a two-year-old maker of virtual reality goggles, the Federal Trade Commission said on Wednesday. Facebook said on March 25 that it planned to buy Oculus for $2 billion in its first-ever hardware deal. Facebook Chief Executive Officer Mark Zuckerberg said at the time that the proposed transaction reflected his companys desire to bet on the platforms of tomorrow. The deal was on a list of several proposed transactions that have been cleared by the U.S. Department of Justice and FTC. The Oculus buy was one of several high-profile purchases by Facebook, which recently won antitrust approval to acquire Whatsapp, an instant messaging service for smartphones, for $19 billion.

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