Facebook Wins FTC Approval for Oculus VR Acquisition

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Facebook Wins FTC Approval for Oculus VR Acquisition

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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