Facebook to buy Oculus VR for $2 billion

Facebook to buy Oculus VR for $2 billion

Facebook on Tuesday said it agreed to acquire Oculus VR, a virtual-reality company that uses glasses to simulate game play, for $2 billion in cash and stock.

β€œMobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow,” said Facebook chief executive Mark Zuckerberg.

β€œOculus has the chance to create the most social platform ever, and change the way we work, play and communicate.”

WSJ