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of Facebook common stock, then valued at about $1.6 billion .
An additional "earn-out" in cash and stock if Oculus met certain performance milestones. Strategic Context when did facebook buy oculus
Facebook announced its agreement to acquire Go to product viewer dialog for this item. of Facebook common stock, then valued at about $1
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 At the time of the announcement, Oculus was
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.