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Facebook buying Oculus VR virtual-reality company for $2 billion

2014-03-26 11:56:03| InfoWorld: Top News

Facebook has reached a surprise deal to buy Oculus VR, developer of the Oculus Rift virtual-reality headset, for about US$2 billion, the social network said Tuesday. The announcement puts Facebook into one of the most-talked-about new markets this year. Sony has also made moves into virtual reality lately, as has Google with its Project Tango.

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Facebook buys virtual reality firm Oculus for USD 2 bln

2014-03-26 09:51:00| Telecompaper Headlines

(Telecompaper) Facebook has signed a definitive agreement to acquire immersive virtual reality technology specialist Oculus VR for a total of around USD 2 billion. This includes USD 400 million in cash and 23.1 million shares of Facebook common stock (valued at USD 1.6 billion). The deal also provides for an additional USD 300 million earn-out in cash and stock based on the achievement of certain milestones. Oculus has received more than 75,000 orders for development kits for the Oculus Rift virtual reality headset. Facebook plans to extend Oculus' existing advantage in gaming to new verticals, including communications, media and entertainment, education and other areas. The deal is expected to close in Q2 2014.

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Facebook splashes $2bn on virtual reality firm Oculus

2014-03-26 01:00:00| Total Telecom industry news

CEO Zuckerberg says acquisition will change the way the world communicates, but not everyone is happy.

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Facebook buys virtual reality firm

2014-03-25 23:21:54| BBC News | Business | UK Edition

Facebook announces it will buy Oculus VR, a Californian company specialising in virtual reality products, for around $2bn (1.2bn).

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Arrest Over Win 8 Leak; Facebook 'Hack' Language; See Your First Tweet

2014-03-21 18:34:50| PC Magazine Security Product Guide

Topping tech headlines Thursday, Microsoft searched Hotmail to find a Windows 8 leaker, and Twitter turned eight.

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