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

Facebook Marketing

Facebook MarketingStarting Janaury 13, work with the group marketing manager of social media at Microsoft/BingAds to build a fan base and grow your business on Facebook! In this course, Geoffrey Colon will teach you how to set up and enhance your company page, understand best practices and measuring your success, execute a monthly content strategy, and incorporate Facebook into your overall marketing efforts. Register now!