Californian-based Oculus VR, one of a handful of leading edge virtual reality technology companies, is to be bought by Facebook for a reported $2bn (£1.2bn).
Facebook founder, Mark Zuckerberg, said Oculus VR technology, like its flagship product Oculus Rift, had the power to “change the way we work, play and communicate”. According to a statement from Facebook, the deal includes $400 million in cash and 23.1 million shares of Facebook common stock (valued at $1.6 billion based on the average…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
