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Facebook buys virtual reality firm Oculus for USD 2 bln
2014-03-26 09:51:00| Telecompaper Headlines
(Telecompaper) Facebook has signed a definitive agreement to acquire immersive virtual reality technology specialist Oculus VR for a total of around USD 2 billion. This includes USD 400 million in cash and 23.1 million shares of Facebook common stock (valued at USD 1.6 billion). The deal also provides for an additional USD 300 million earn-out in cash and stock based on the achievement of certain milestones. Oculus has received more than 75,000 orders for development kits for the Oculus Rift virtual reality headset. Facebook plans to extend Oculus' existing advantage in gaming to new verticals, including communications, media and entertainment, education and other areas. The deal is expected to close in Q2 2014.
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Facebook splashes $2bn on virtual reality firm Oculus
2014-03-26 01:00:00| Total Telecom industry news
CEO Zuckerberg says acquisition will change the way the world communicates, but not everyone is happy.
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Facebook buys virtual reality firm
2014-03-25 23:21:54| BBC News | Business | UK Edition
Facebook announces it will buy Oculus VR, a Californian company specialising in virtual reality products, for around $2bn (1.2bn).
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Virtual Reality Is Here. Can We Play With It?
2014-03-24 13:38:14| MobileTechNews
Virtual reality gaming takes another step forward at the recent Game Developers Conference in San Francisco held last week.
Sonys Project Morpheus prototype is a hit, bodes well for the future of virtual reality
2014-03-21 13:30:01| Extremetech
In the days since the Project Morpheus announcement, the internet has been abuzz with excitement. Sony's new VR helmet for the PS4 is receiving substantial mainstream coverage and a surprising amount of praise from the gaming and technology community. Sony is knocking it out of the park with Project Morpheus, and we're all going to benefit from it.
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