Oculus-logoFacebook usually buys apps and various online services, but not today. The company has just announced that it has agreed to purchase Oculus VR, the company working on the Oculus Rift virtual reality headset. The final price for the company was $2 billion ($400 million cash, $1.6 billion stock). That’s 2 Instagrams, if you’re keeping track.


Oculus VR has been the darling of the gaming realm ever since its wildly successful Oculus Rift Kickstarter, and just announced a second version of the Oculus Rift developer kit.

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Facebook Is Acquiring Oculus Rift Maker Oculus VR For $2 Billion In Cash And Stock was written by the awesome team at Android Police.