[QUOTE][B]Acquisition positions Facebook to accelerate Oculus' growth in gaming, communications and new social experiences[/B]
Facebook today announced that it has reached a definitive agreement to acquire Oculus VR, Inc., the leader in immersive virtual reality technology, for a total of approximately $2 billion. This includes $400 million in cash and 23.1 million shares of Facebook common stock (valued at $1.6 billion based on the average closing price of the 20 trading days preceding March 21, 2014 of $69.35 per share). The agreement also provides for an additional $300 million earn-out in cash and stock based on the achievement of certain milestones.[/QUOTE]
[url]http://www.prnewswire.com/news-releases/facebook-to-acquire-oculus-252328061.html[/url]
Edit: Guess I was late: [url]http://facepunch.com/showthread.php?t=1379569[/url]
