Facebook buying virtual reality firm Oculus for $2 billion

Robyn Beck | AFP | Getty Images

Robyn Beck | AFP | Getty Images

Facebook is getting into the virtual reality game. The social media giant announced a $2 billion deal to buy Oculus VR Inc.

The deal includes $400 million in cash and 23.1 million shares of Facebook common stock. Oculus made waves with its virtual reality headset Oculus Rift.

“Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow,” said Facebook CEO Mark Zuckerberg, in a statement. “Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate.”

Oculus raised more than $2.4 million in a Kickstarter campaign to help fund development of its first immersive gaming product, the Oculus Rift.

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