When Did Facebook Buy Oculus ✓

on , for approximately $2 billion . The transaction was officially finalized and closed on July 21, 2014 . Deal Structure The roughly $2 billion deal consisted of: $400 million in cash.

Facebook announced its agreement to acquire Go to product viewer dialog for this item. when did facebook buy oculus

of Facebook common stock, then valued at about $1.6 billion . on , for approximately $2 billion

At the time of the announcement, Oculus was a 20-month-old startup that had gained fame through a successful Kickstarter campaign for its headset. Mark Zuckerberg described the acquisition as a strategic move to secure the "next major computing platform" after mobile, envisioning virtual reality as a future social and communication hub. Facebook to Acquire Oculus - About Meta when did facebook buy oculus