Wednesday, April 23, 2014
Facebook Gets Clearance From FTC For Oculus VR Buy
Facebook has received antitrust clearance from the Federal Trade Commission, for its acquisition of Irvine-based Oculus VR, the FTC said today. Facebook had said it would pay $2 billion for Oculus VR back in March. Oculus VR is a maker of 3D, virtual reality goggles and hardware. Two year old Oculus VR was venture backed by Andreessen Horowitz, Formation 8, Matrix Partners, and Spark Capital.