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 announced 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.

“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 …

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Via: Mashable: Business

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