New York • Facebook has agreed to buy Oculus for $2 billion, betting that its virtual reality may be a new way for people to communicate, learn or be entertained.
Facebook Inc. said Tuesday that the deal includes $400 million in cash and 23.1 million shares worth about $1.6 billion. Oculus employees are also eligible for an additional $300 million if the company achieves certain targets.
Oculus makes the Oculus Rift, a virtual reality headset that's received a lot of attention from video game developers. It has yet to be released, but Facebook says Oculus has received more than 75,000 orders for development kits for the headset.