Update: Don't miss Dean Putney's opinion piece, "Oculus was the future of gaming. Now it’s the future of Facebook."
Facebook today announced that it has "reached a definitive agreement to acquire Oculus VR, Inc., the leader in immersive virtual reality technology, for a total of approximately $2 billion." The deal includes $400 million in cash and 23.1 million shares of Facebook common stock, and provides for an additional $300 million earn-out in cash and stock based on "the achievement of certain milestones."
From the press release:
Oculus is the leader in immersive virtual reality technology and has already built strong interest among developers, having received more than 75,000 orders for development kits for the company's virtual reality headset, the Oculus Rift.