The Deal Is Done: Facebook Officially Owns Oculus
Several months in the making, the $2 billion deal which included $400 million in cash has cleared all regulatory and practical hurdles. In a joint statement, Facebook and Oculus said, “We’re looking forward to an exciting future together, building the next computing platform and reimagining the way people communicate.”
Since the acquisition first became public, Oculus has attracted industry veterans and other talent such as Google Glass’ lead engineer and the Carbon Design group that made the Xbox 360 controller.
Ostensibly, Oculus will continue to operate independently at its current offices.