Facebook announced it will acquire California-based virtual reality goggle maker Oculus VR Inc. for approximately $2 billion, the Financial Post revealed on Tuesday, March 25.
According to the report, the arrangement is part of the social networking giant’s move to establish its mobile technology business, as more and more users access Facebook services through mobile devices. Facebook believes that Oculus’ wearable technology is a highly-innovative platform for social media and gaming that will revolutionize users’ experience.
Oculus VR Inc. is the company behind Oculus Rift, a virtual-reality headset for 3D gaming.
At Arenson Law Group, PC, we know that any business owner in Cedar Rapids who is conducting a business transaction such as this needs to ensure that their interests are protected. With our help, you can better work to secure the future and success of your business. Call us at (319) 363-8199 today to discuss your business needs with a knowledgeable attorney.