Andre Yoskowitz
23 Apr 2014 18:31
A month after announcing its acquisition of virtual reality startup Oculus VR for $2 billion, the deal has been approved by U.S. regulators.
The company makes the Oculus Rift virtual reality headset which has just been sent out to developers and is ushering in a new generation of gaming.
Both the FTC and the U.S. Department of Justice approved the deal, which was not expected to have any regulatory hurdles.
The social networking giant purchased the company for mostly stock, just after purchasing giant instant messaging service Whatsapp for $19 billion.
Source:
Reuters