IB Times:
Facebook has continued to splash the cash by completing a $2 billion (£1.2bn) deal to purchase Oculus VR, the startup company which has created the Oculus Rift, a virtual reality gaming headset – also used for virtual team building experiences.
The acquisition – which follows the $19bn acquisition of messaging app WhatsApp last month – was announced by a statement by Facebook with CEO Mark Zuckerberg saying that the social network was beginning to look beyond mobile:
