Tuesday, March 25, 2014

March 25, 2014.

Facebook to Buy Virtual Reality Firm Oculus for $2 Billion

"The house is surrounded," said the voice.

Facebook Inc. FB +1.23%  agreed to pay nearly $2 billion in cash and stock to acquire virtual reality goggle maker Oculus VR Inc.

He heard Julia snap her teeth together. "I suppose we may as well say good-bye," she said.

Facebook said it would pay $400 million in cash and 23.1 million shares of the company's stock. At Tuesday's close of $64.89, the stock portion would be worth $1.5 billion.

"You may as well say goodbye," said the voice. And then another quite different voice, a thin, cultivated voice which Winston had the impression of having heard before, struck in; "And by the way, while we are on the subject, “Here comes a candle to light you to bed, here comes a chopper to chop off your head”!"

"Mobile is the platform of today, and now we're also getting ready for the platforms of tomorrow," Facebook founder and Chief Executive Mark Zuckerberg said in a prepared statement. "Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate."




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