Facebook executives announced Tuesday that they had purchased Oculus VR, which has developed perhaps the most advanced virtual reality gaming headset on the market, for approximately $2 billion.
The surprise deal includes $400 million in cash, 23.1 million shares of Facebook stock, as well as $300 million in cash and stock contingent on “the achievement of certain milestones,” according to Forbes magazine.
Oculus’ virtual reality headset has set the gaming industry abuzz even before its debut on the mass market. The company’s second development kit, which has been touted as one of the most groundbreaking devices in recent memory, is currently available on presale for $350.
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