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04-23-2014, 08:54 PM
Facebook Wins FTC Approval for Oculus VR Acquisition
http://rack.0.mshcdn.com/media/ZgkyMDE0LzA0LzIzLzQ3L09jdWx1c19SaWZ0Ljg5MzE5LmpwZw pwCXRodW1iCTU3NXgzMjMjCmUJanBn/602a1ce1/349/Oculus_Rift_InAction-4.jpghttp://rack.3.mshcdn.com/assets/feed-tw-df3e816c4e85a109d6e247013aed8d66.jpg (http://twitter.com/share?via=Mashable&text=Facebook+Wins+FTC+Approval+for+Oculus+VR+Acqu isition&src=http%3A%2F%2Fmashable.com%2F2014%2F04%2F23%2Ff acebook-oculus-acquisition-ftc%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss)htt p://rack.1.mshcdn.com/assets/feed-fb-fdab25e3700868c9621fb03b7fd07c38.jpg (http://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2014%2F04 %2F23%2Ffacebook-oculus-acquisition-ftc%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss&src=sp)
The U.S. Federal Trade Commission has given Facebook (http://mashable.com/category/facebook/?utm_medium=feed&utm_source=rss) the go-ahead to acquire Oculus VR, the agency said (http://www.ftc.gov/enforcement/premerger-**tification-program/early-termination-**tices/20140779) on Wednesday
Facebook an**unced (http://mashable.com/2014/03/25/facebook-acquires-oculus-vr-for-2-billion/?utm_medium=feed&utm_source=rss) on March 25 that it had entered into an agreement to acquire Oculus, a virtual reality startup, for $2 billion in cash and stock. The deal would mark Facebook's second largest acquisition behind the $19 billion acquisition of WhatsApp (http://mashable.com/2014/02/19/facebook-whatsapp/?utm_medium=feed&utm_source=rss), assuming both are finalized.
See also: What Facebook Might Look Like Using Oculus Rift (http://mashable.com/2014/03/31/oculus-rift-facebook-concept-video/?utm_medium=feed&utm_source=rss)
"We're pleased the FTC has cleared our acquisition of Oculus," a Facebook rep said in a statement emailed to Mashable. The FTC cleared the WhatsApp deal earlier this month, though it included a stern warning (http://mashable.com/2014/04/10/facebook-whatsapp-ftc-approval/?utm_medium=feed&utm_source=rss) about privacy concerns with its approval Read more... (http://mashable.com/2014/04/23/facebook-oculus-acquisition-ftc/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Facebook (http://mashable.com/category/facebook/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Us (http://mashable.com/us/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Oculus Vr (http://mashable.com/category/oculus-vr/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/JnQdv4ScsUQ
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The U.S. Federal Trade Commission has given Facebook (http://mashable.com/category/facebook/?utm_medium=feed&utm_source=rss) the go-ahead to acquire Oculus VR, the agency said (http://www.ftc.gov/enforcement/premerger-**tification-program/early-termination-**tices/20140779) on Wednesday
Facebook an**unced (http://mashable.com/2014/03/25/facebook-acquires-oculus-vr-for-2-billion/?utm_medium=feed&utm_source=rss) on March 25 that it had entered into an agreement to acquire Oculus, a virtual reality startup, for $2 billion in cash and stock. The deal would mark Facebook's second largest acquisition behind the $19 billion acquisition of WhatsApp (http://mashable.com/2014/02/19/facebook-whatsapp/?utm_medium=feed&utm_source=rss), assuming both are finalized.
See also: What Facebook Might Look Like Using Oculus Rift (http://mashable.com/2014/03/31/oculus-rift-facebook-concept-video/?utm_medium=feed&utm_source=rss)
"We're pleased the FTC has cleared our acquisition of Oculus," a Facebook rep said in a statement emailed to Mashable. The FTC cleared the WhatsApp deal earlier this month, though it included a stern warning (http://mashable.com/2014/04/10/facebook-whatsapp-ftc-approval/?utm_medium=feed&utm_source=rss) about privacy concerns with its approval Read more... (http://mashable.com/2014/04/23/facebook-oculus-acquisition-ftc/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Facebook (http://mashable.com/category/facebook/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Us (http://mashable.com/us/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Oculus Vr (http://mashable.com/category/oculus-vr/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/JnQdv4ScsUQ