Facebook officially completes Oculus acquisition

MCV Staff 22nd July 2014 Media & PR

Facebook has officially completed its $2bn acquisition of Oculus.

The shock deal wasfirst announced in late March. It includes $400m in cash and 23.1 million shares of Facebook common stock, valued at $1.6bn. A further $300m will also be offered depending on the achievement of certain milestones.

A joint statement from the two companies read: We’re looking forward to an exciting future together, building the next computing platform and reimagining the way people communicate.”

Head over to Develop for more details.

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