Facebook Wins FTC Approval for Oculus VR Acquisition

The U.S. Federal Trade Commission has given Facebook the go-ahead to acquire Oculus VR, the agency said on Wednesday Facebook announced on March 25 that it had entered into an agreement to acquire Oculus, a virtual reality startup, for $2 billion in cash and stock. The deal would mark Facebook's second largest acquisition behind the $19 billion acquisition of WhatsApp, assuming both are finalized. See also: What Facebook Might Look Like Using Oculus Rift "We're pleased the FTC has cleared our ac...