Facebook has announced that it has acquired Oculus VR, the company which created the Oculus Rift gaming headset, in a cash and stock deal with a value of $2 billion.
The terms of the deal include $400 million in cash and 23.1 million shares of Facebook stock. The Oculus Rift project gained prominence on Kickstarter, raising over $2 million in the summer of 2012. The company went on to raise more than $91 million in venture funding in 2013. With this exit, the Oculus Rift is easily the most successful Kickstarter project of all time. Read more