Facebook officially closes $2B acquisition of Oculus VR
Near the close of the market Monday, Facebook and Oculus VR announced that the roughly $2 billion acquisition deal is final.
The acquisition was first announced in March, but has since been finalized by the Federal Trade Commission.
The two companies put out a joint statement about the finalization:
We’re looking forward to an exciting future together, building the next computing platform and reimagining the way people communicate.
Many have speculated as to Facebook’s desire to purchase the virtual reality company, but it seems like this is Facebook CEO Mark Zuckerberg’s bet that virtual reality will be big in the future. By acquiring Oculus, it ensures that Facebook has an early place in the market.
Readers: What do you think Facebook will do with Oculus VR?
Photo courtesy of the Oculus VR Facebook page.