Oculus Sold to Facebook
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It was announced today that Facebook will by Oculus, the company working on the really cool video game VR accessory, for $2 Billion. This is actually broken up into $400 million cash and 23.1 million shares of Facebook stock at about $64.10 per share (at today's closing). Oculus gets an additional $300 million if the system performs well. That is all well and good for them, but what does that mean for us? I have some speculation on this (and it is just that), and believe it or not, they are not all negative!
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