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Tech: Facebook inks $2B deal for VR firm

Social media is about to become even more immersive, said Nick Wingfield and Vindu Goel in The New York Times. Facebook announced this week that it will pay $2 billion to buy virtual reality headset-maker Oculus VR. The deal is seen as a “bet that a technology commonly associated with science fiction can help eventually turn social networking into an immersive, 3-D experience.” The acquisition was something of a surprise because the Irvine, Calif., startup has yet to sell any products to the general public and is “working on what some view as a niche technology aimed at hard-core video game players.”

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