Facebook
Wins FTC
Approval for
Oculus VR Acquisition
The U.S. Federal Trade Commission has given
Facebook the go-ahead to acquire
Oculus VR, the agency
said on Wednesday
Facebook an**unced 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, assuming both are finalized.
See also:
What Facebook Might Look Like Using Oculus Rift
"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 about privacy concerns with its
Approval Read more...
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