Facebook Closes Oculus Acquisition

Chris CrumBusiness

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Facebook has closed its acquisition of virtual reality technology makers Oculus VR. The deal gained FTC approval in April, and has now completed its final steps.

The Wall Street Journal shares this statement from both companies:

“We’re looking forward to an exciting future together, building the next computing platform and reimagining the way people communicate."

Here's what Mark Zuckerberg had to say about the deal back in March:

Last month, Oculus made an acquisition of its own when it bought the team that designed the Xbox 360 controller.

Let Facebook's great virtual reality experiment begin!

Image via OculusVR.com

Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.