Facebook Enters the Matrix and Buys Oculus VR for $2 Billion

Photograph by Jae C. Hong/AP Photo

Facebook just announced one of the most peculiar acquisitions in its 10-year history. It has agreed to buy virtual reality headset maker Oculus VR for $2 billion in cash and stock. “There are not that many companies building technologies that can be the next major computer platform,” said Facebook Chief Executive Officer Mark Zuckerberg in a conference call with investors. “We are making a long-term bet that immersive virtual reality will be a part of people’s lives.”

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