Facebook’s Oculus VR Acquisition Is Now Official

OculusRift650Facebook’s virtual reality transaction is now an actual reality, as the social network and immersive virtual reality technology company Oculus VR announced that the former’s roughly $2 billion deal to acquire the latter, originally announced in March, is now official.

The Federal Trade Commission approved the acquisition in April.

The two companies issued the following statement:

We’re looking forward to an exciting future together, building the next computing platform and reimagining the way people communicate.

The two companies said at the time of the deal’s initial announcement that Oculus will remain at its headquarters in Irvine, Calif., and continue development of the Oculus Rift virtual reality platform.

Related Stories
Mediabistro Course

Content Marketing 101

Content Marketing 101Almost 60% of businesses use some form of content marketing. Starting December 8, get hands-on content marketing training in our online boot camp! Through an interactive series of webcasts, content and marketing experts will teach you how to create, distribute, and measure the success of your brand's content. Register now!