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April 23, 2014 08:29 pm GMT

Facebook Wins FTC Approval for Oculus VR Acquisition

Oculus_rift_inaction-4

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.

See also: What Facebook Might Look Like Using Oculus Rift

"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 stern warning about privacy concerns with its approval Read more...

More about Facebook, Business, Us, and Oculus Vr

Original Link: http://feeds.mashable.com/~r/Mashable/~3/JnQdv4ScsUQ/

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