Facebook to Acquire Oculus

MENLO PARK, Calif., March 25, 2014 /PRNewswire/ —¬†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...

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