Facebook has announced plans to purchase Oculus VR, the company behind the Rift headset, for around $2B in cash and stock. This includes $400M, and 23.1 million Facebook shares. An additional $300M earnout will be paid in cash and stock if Oculus hits certain unspecified milestones.
“I’m excited to announce that we’ve agreed to acquire Oculus VR, the leader in virtual reality technology,” said Facebook CEO Mark Zuckerberg in a statement today.
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Facebook has announced plans to purchase Oculus VR, the company behind the Rift headset, for around $2B in cash and stock. This includes $400M, and 23.1 million Facebook shares. An additional $300M earnout will be paid in cash and stock if Oculus hits certain unspecified milestones.
“I’m excited to announce that we’ve agreed to acquire Oculus VR, the leader in virtual reality technology,” said Facebook CEO Mark Zuckerberg in a statement today.
Read Full Article
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