Oculus Rift buyout by Facebook approved by FTC

Wednesday, 23rd April 2014 20:39 GMT By Stephany Nunneley

Facebook has been cleared to purchase Oculus Rift for $2 billion by the US Department of Justice and Federal Trade Commission. According to Reuters, the approval was noted on a list of other proposed transactions the commission puts out several times a week. The $2 billion deal includes $400 million in cash plus 23.1 million shares of Facebook stock, valued at $1.6 billion. A further $300 million in cash and stock may be paid out if Oculus Rift meets certain milestones.



  1. Dragon

    Meanwhile, Oculus Rift buyout by Facebook rejected by anonymous internet haters with no money.

    #1 8 months ago

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