clock menu more-arrow no yes mobile

Filed under:

Facebook acquisition of Oculus VR approved by FTC

Facebook received U.S. government approval to acquire the virtual reality headset manufacturer Oculus VR, according to the Federal Trade Commission's website.

The FTC granted a request from the acquiring party, listed as Facebook founder Mark Zuckerberg, on April 22.

In late March, Facebook announced its intention to acquire the Kickstarter-funded virtual reality headset creator for $2 billion. According to a statement from the company at the time, the deal is expected to close in the second quarter of 2014.

"The Rift is highly anticipated by the gaming community, and there's a lot of interest from developers in building for this platform," Zuckerberg wrote on Facebook March 25. "We're going to focus on helping Oculus build out their product and develop partnerships to support more games. Oculus will continue operating independently within Facebook to achieve this."

For more on the deal, be sure to read Polygon's interview with Oculus VR founder Palmer Luckey and our interviews with game developers conducted in the wake of the announcement. You can learn about other developments in the burgeoning virtual reality ecosystem in our coverage of VR at GDC 2014.

The next level of puzzles.

Take a break from your day by playing a puzzle or two! We’ve got SpellTower, Typeshift, crosswords, and more.