Facebook’s acquisition of Oculus VR has officially closed today, the two companies have announced.
“We’re looking forward to an exciting future together, building the next computing platform and reimagining the way people communicate,” the companies said in a joint statement.
Facebook announced its plan to acquire Oculus VR in March for $2 billion, including $400 million in cash and 23.1 million shares of Facebook stock valued at a total of $1.6 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.”
“We believe virtual reality will be heavily defined by social experiences that connect people in magical, new ways,” added Oculus co-founder and CEO Brendan Iribe. “It is a transformative and disruptive technology, that enables the world to experience the impossible, and it’s only just the beginning.”
(via GI International)