Facebook has just bought a new company after spending a huge amount of money to purchase Whatsapp, the virtual reality technology company Oculus VR was bought for about $2 billion in cash and stock.
The Oculus Rift is an upcoming virtual reality head-mounted display.The company was founded by Palmer Luckey and Scaleform co-founders Brendan Iribe and Michael Antonov,as well as Nate Mitchell.
On March 25, 2014, Oculus was purchased by Facebook for US$2 billion.The company is just 18-months old
Facebook plans to extend Oculus' virtual reality capabilities beyond gaming into areas such as communications, media, entertainment, and education.
Sources : http://en.wikipedia.org/wiki/Oculus_Rift
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