FTC clears Facebook's purchase of Oculus VR

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April 23rd, 2014, 22:42 Posted By: wraggster

Facebook has earned U.S. antitrust approval to purchase Oculus VR, clearing the way for its acquisition of the company and its Oculus Rift VR headset technology, Reuters reports.

The U.S. Department of Justice and the Federal Trade Commission approved the acquisition this week. Facebook announced its purchase plans last month, revealing that it will pay $2 billion to acquire Oculus VR and its assets.

Oculus VR crowdfunded its headset technology in 2012, later expanding its development team with the addition of former Valve software engineer Tom Forsyth, University of Illinois robotics scientist Steve Lavelle, and id Software co-founder John Carmack. The Oculus Rift headset has sold over 85,000 units to date.

http://www.joystiq.com/2014/04/23/ft...-of-oculus-vr/

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