Facebook has agreed to acquire Oculus VR, maker of the Oculus Rift virtual reality gaming hardware. Facebook will pay around $2 billion for the company. That figure includes $400 million in cash and 23.1 million shares of Facebook common stock, valued at $1.6 billion based on recent average trading price. There is a provision for an additional $300 million earnout based on performance. The acquisition is expected to close in the second quarter of 2014.
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Facebook Makes Unreal Acquisition
Posted by: Kris Holt March 26, 2014 12:52 PMFacebook has agreed to acquire Oculus VR, maker of the Oculus Rift virtual reality gaming hardware. Facebook will pay around $2 billion for the company. That figure includes $400 million in cash and 23.1 million shares of Facebook common stock, valued at $1.6 billion based on recent average trading price. There is a provision for an additional $300 million earnout based on performance. The acquisition is expected to close in the second quarter of 2014.