Facebook’s Oculus VR Deal Gets OK From FTC

OculusRift650The Federal Trade Commission approved Facebook’s acquisition of immersive virtual reality technology company Oculus VR – maker of the Oculus Rift virtual reality headset — in a deal worth about $2 billion, which was originally announced late last month, Reuters reported.

Facebook said in its announcement of the deal in March that more than 75,000 orders have been placed for Oculus Rift development kits, adding that it plans to help Oculus expand into verticals including communications, media and entertainment, and education.

Earlier this month, the FTC also approved the social network’s $19 billion acquisition of cross-platform messaging application WhatsApp – which was originally announced in February — with some privacy-related stipulations.

Readers: Any guesses on Facebook’s next large acquisition?

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!