FTC approves Facebook’s Oculus purchase

In a brief announcement yesterday, the Federal Trade Commission approved Facebook’s proposed $2 billion buyout of virtual reality headset maker Oculus VR, Inc.

Second Life's Ahern area as seen with the Oculus Rift. (Image courtesy David Rowe.)

Second Life’s Ahern area as seen with the Oculus Rift. (Image courtesy David Rowe.)

The Facebook purchases promises to accelerate Oculus Rift development and move it beyond its original base of gaming supporters, towards a wider social use.

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Maria Korolov

Maria Korolov is editor and publisher of Hypergrid Business. She has been a journalist for more than twenty years and has worked for the Chicago Tribune, Reuters, and Computerworld and has reported from over a dozen countries, including Russia and China.