Facebook announced it's acquiring the virtual reality gaming company Oculus VR for $2 billion. The company is a manufacturer of the anticipated virtual reality headset Oculus Rift. This marks Facebook’s second major purchase of the year, following its $19 billion deal for social messaging app WhatsApp.
The acquisition includes $400 million in cash and 23.1 million shares of Facebook stock. There’s also an additional $300 million potential earn-out in cash and stock based on "the achievement of certain milestones."
"Mobile is the platform of today, and now we're also getting ready for the platforms of tomorrow," said CEO Mark Zuckerberg in a statement. "Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate."