Facebook Acquires Oculus Rift Maker, Virtual Reality Company Oculus VR In $2B Deal

Virtual reality will soon be actual reality at Facebook, as the social network announced its acquisition of immersive virtual reality technology company Oculus VR -- maker of the Oculus Rift virtual reality headset -- in a deal worth about $2 billion.

OculusRift650Virtual reality will soon be actual reality at Facebook, as the social network announced its acquisition of immersive virtual reality technology company Oculus VR — maker of the Oculus Rift virtual reality headset — in a deal worth about $2 billion.

The companies said Oculus will remain at its headquarters in Irvine, Calif., and continue development of the Oculus Rift virtual reality platform.

The transaction is expected to close during the second quarter, and it is comprised of $400 million in cash, 23.1

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