facebook to acquire virtual reality company oculus for $2 billion USD facebook to acquire virtual reality company oculus for $2 billion USD
mar 26, 2014

facebook to acquire virtual reality company oculus for $2 billion USD

facebook announces plan to acquire virtual reality company oculus
image courtesy oculus VR

 

 

 

facebook has announced that it has reached an agreement to acquire oculus virtual reality, for a total of approximately $2 billion. the menlo-park based social media giant plans to extend oculus’ existing advantage in gaming to new verticals, including communications, media and entertainment, education and other areas. the new acquisition hopes to make facebook a strong candidate, emerging as the next social and communications platform. ‘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. ‘oculus has the chance to create the most social platform ever, and change the way we work, play and communicate.’

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