August 17, 2022

Facebook to buy Oculus VR, maker of the Rift headset, for around $2b in cash and stock

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By Matthew Panzarino From Tech Crunch Facebook has announced plans to purchase Oculus VR, the company behind the Rift headset, for around $2 billion in cash and stock. This includes $400 million, and 23.1 million Facebook shares. An additional $300 million earnout will be paid in cash and stock if Oculus hits certain unspecified milestones. […]