Facebook Buys Oculus for $2 Billion

Sees future in virtual reality headset


Facebook has just announced a $2 billion deal to buy Oculus VR, the immersive virtual reality headset maker. In the announcement, CEO Mark Zuckerberg reiterated his company's mobile-first focus while stating that the Oculus headset sets the stage for the future of entertainment and communications.

The Irvine, Calif.-based company's Oculus Rift headset covers the eyes of users and plants them in a virtual reality world in which they can play games, watch movies and interact in new ways.

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