Facebook buys Oculus VR’s Developer

Facebook announced today that it has entered into an agreement to acquire Oculus VR, creator of the Rift VR headset, for $2 billion -- $400 million in cash and 23.1 million shares of Facebook common stock, plus an additional $300 million in cash and stock based on "the achievement of certain milestones."

To say there was "a lot of interest" from game developers in the potential for the Oculus Rift prior to today's news is an understatement. We're less than a week out from GDC 2014, where Oculusannounced the second-generation Rift development kit and kept a spacious demo area packed with attendees throughout the show…

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