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

Social Media 201

Social Media 201Starting October 13, Social Media 201 picks up where Social Media 101 left off, to provide you with hands-on instruction for gaining likes, followers, retweets, favorites, pins, and engagement. Social media experts will teach you how to make social media marketing work for your bottom line and achieving your business goals. Register now!