Oculus - Facebook Buys

In 2014, the tech world was stunned by a multibillion-dollar bet on the future: . The Origins: A Garage Dream The story began in 2012 when 19-year-old Palmer Luckey launched a Kickstarter campaign for the " Oculus Rift Go to product viewer dialog for this item.

On March 25, 2014, Meta (then Facebook) announced it would acquire Oculus for approximately . The deal was a complex mix of: $400 million in cash. facebook buys oculus

An additional based on reaching specific milestones. In 2014, the tech world was stunned by

of Facebook common stock, valued at $1.6 billion. valued at $1.6 billion.