Facebook Acquires Oculus VR for $2 Billion

facebook acquires oculus vr for $2 billion

In a landmark deal, Facebook announced its acquisition of virtual-reality startup Oculus VR for an unprecedented $2 billion. This amount includes 23.1 million shares of common Facebook stock and $400 million in cash.

The acquisition was valued at $1.6 billion based on the average closing price during the 20 days prior to March 21,…

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