How much did Facebook agree to pay to acquire Oculus VR in 2014?

Facebook agreed to pay about $2 billion to acquire Oculus VR in 2014.

The deal consisted of approximately $400 million in cash and 23.1 million Facebook shares, valued at about $1.6 billion when the acquisition was announced. Facebook also offered additional consideration tied to future milestones, bringing the widely cited total to roughly $2 billion.

Oculus was founded by Palmer Luckey and became known for the Oculus Rift, a virtual-reality headset developed with support from an early crowdfunding campaign. Facebook announced the acquisition in March 2014 and completed it later that year.

The purchase signaled that Facebook viewed virtual reality as a major future computing platform rather than only a gaming accessory. Oculus products later became part of Meta’s broader virtual-reality business, and the consumer headset line was rebranded under the Meta Quest name.