Facebook To Buy Oculus VR For $2 Billion

Saturday, March 29th, 2014
 
Social networking giant Facebook has announced that it is buying the company Oculus VR, the makers of the virtual reality goggles Oculus Rift. The said deal will comprise of $400 million in cash and 23.1 million shares of Facebook. Based on the social network giant’s current share valuation, the deal will cost about $2 billion. The deal also indicates an additional $300 million in cash and stock for achievin