The Federal Trade Commission has approved Facebook’s $2 billion acquisition of Oculus, Reuters reports.
Facebook first announced the deal to acquire Oculus last month. The agreement will see Facebook pay $400 million in cash, along with 23.1 million in shares for a total of about $2 billion. “Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow,” Facebook founder and CEO Mark Zuckerberg said at the time. “Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate.”
Oculus is the second multi-billion dollar acquisition from Facebook this year. In February the firm signed a deal to purchase mobile messaging service WhatsApp for $19 billion.
(via GI International)