Facebook announced Tuesday that it has reached an agreement to purchase Oculus VR , the maker of virtual reality goggles Oculus Rift , for U.S. $ 2,000 million, including $ 400 million in cash and 23.1 million shares of Facebook, worth about U.S. $ 1,600 million based on the recent price action .
The social network would buy Oculus VR with the "mission of allowing experience the impossible . Their technology opens the possibility of a completely new kinds of experiences," said Mark Zuckerberg , CEO of Facebook, the Facebook blog .
Facebook recently acquired messaging application WhatsApp for U.S. $ 19,000 million and above has focused on the purchase of software companies. With this purchase , the picture changes a bit , since it is the first time that Facebook buys a technology that focuses primarily on the hardware.
Additionally , the agreement also includes an additional $ 300 million in cash and stock and depend on certain targets are met.
Facebook reported that the headquarters of Oculus will remain located in Irvine , CA , and the firm will continue the development of their virtual reality goggles Oculus Rift .
4:21 PM | 0
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