When Did Facebook Buy Oculus May 2026

: An additional $300 million was set aside for a "earn-out" in cash and stock, based on Oculus reaching specific performance milestones.

on . The deal officially closed later that year on July 21, 2014 . Key Acquisition Details when did facebook buy oculus

Facebook (now ) announced its agreement to acquire Go to product viewer dialog for this item. : An additional $300 million was set aside

: Approximately $2 billion , though some reports suggest the final value was closer to $3 billion once milestones and employee incentives were factored in. Key Acquisition Details Facebook (now ) announced its

: Mark Zuckerberg described the acquisition as a long-term bet on the next major computing platform, aiming to extend VR beyond gaming into communications, education, and entertainment. Facebook to Acquire Oculus - About Meta

: The initial deal included $400 million in cash and 23.1 million shares of Facebook common stock (then valued at $1.6 billion).