Facebook Inc (FB) gets U.S. antitrust approval for Oculus deal

Posted Apr 23, 2014

Facebook Inc (NASDAQ:FB) has received approval from the U.S. government to approve of the $2 billion acquisition of Oculus VR after the Federal Trade Commission examined the deal. The FTC decided that this deal would not violate U.S. antitrust laws. In the acquisition announcement, Facebook said that Oculus would operate independently outside of Facebook. Oculus VR will continue focusing on gaming initially, but will expand into new areas later on.