Facebook

Facebook has reached a $2 billion agreement to buy Oculus VR, the maker of a virtual reality headset. Oculus, a small start-up that has not yet shipped a product to the broader public, is working on what some view as a niche technology aimed at hard-core video game players. Mark Zuckerberg, a cofounder and the chief executive of Facebook, said the deal reflected his belief that virtual reality could be the next big computing platform after mobile, a technology the company has spent most of the last several years adapting to, for the most part successfully. Facebook is paying $400 million in cash and about $1.6 billion in stock for Oculus, with up to $300 million more depending on Oculus’s performance.

 

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