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Facebook spends $2 billion dollars for virtual reality hardware manufacturer, Oculus

Posted by DomainGang on March 25, 2014, at 5:37 pm

Facebook today announced that it has reached a definitive agreement to acquire Oculus VR, Inc., the leader in immersive virtual reality technology, for a total of approximately $2 billion. This includes $400 million in cash and 23.1 million shares of Facebook common stock (valued at $1.6 billion based on the average closing price of the […]

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