Top News

Facebook Buys Oculus VR For $2 Billion

Menlo Park-based Facebook has acquired virtual reality headset developer Oculus VR, in a deal worth approximately $2 billion. Facebook said it would pay $400M in cash, plus 23.1 million shares of its stock (valued at $1.6 billion) for Oculus VR, which is based in Irvine, California. Facebook also said it will pay an additoinal $300M in earn out in cash and stock dependent on milestones from Oculus VR. Oculus VR is the maker of a popular, virtual reality headset called the Oculus Rift. Oculus VR was venture backed by Andreessen Horowitz, Formation 8, Matrix Partners, and Spark Capital.


 

Marketplace


blog comments powered by Disqus
 

Latest Headlines

Browse Issues