FTC Approves Facebook's Plans to Acquire Oculus

by Staff Report 0

Mashable reports that the U.S. Federal Trade Commission has given Facebook the go-ahead to acquire Oculus VR, the agency said on Wednesday. Facebook announced on March 25 that it had entered into an agreement to acquire Oculus, a virtual reality startup, for $2 billion in cash and stock.

Facebook.150Mashable reports that the U.S. Federal Trade Commission has given Facebook the go-ahead to acquire Oculus VR, the agency said on Wednesday.  Facebook announced on March 25 that it had entered into an agreement to acquire Oculus, a virtual reality startup, for $2 billion in cash and stock.  Under the terms and conditions of the agreement, Facebook will pay $400 million in cash, along with 23.1 million in shares for a total cost of about $2 billion. Facebook CEO, Mark Zuckerberg described the move, stating the company is starting to focus on developing the next main computing platform that will come after mobile.  Read More

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