Which company acquired Oculus VR for about $2 billion in 2014?

Facebook acquired Oculus VR for about $2 billion in 2014.

Facebook announced the acquisition on March 25, 2014. The deal was valued at approximately $2 billion, consisting of cash, Facebook shares, and additional consideration. Oculus had gained attention after its Oculus Rift Kickstarter campaign and was developing a consumer virtual-reality headset based on that prototype work.

Facebook said the acquisition would support its plans for social and communication experiences in immersive computing. Oculus continued to operate as a distinct brand within Facebook, later becoming part of the company’s broader Reality Labs organization. Facebook itself changed its corporate name to Meta in 2021, while Oculus branding was gradually replaced by Meta Quest branding.

The transaction is often described as Facebook buying the Oculus Rift, but the purchase was of Oculus VR, the company behind the headset project. It also differed from later partnerships in the VR industry, which involved licensing, distribution, or hardware collaboration rather than a full corporate acquisition.