Details on Oculus Rift Facebook Deal Released

by Brian Cook

Details of the deal between Facebook and Oculus VR have been released. The social media giant's buyout of Oculus VR is broken down like this:

Oculus receives: 

• $400 million in cash
• $1.6 billion worth of Facebook shares.
• Eligibility to receive an additional $300 million based on performance-based bonuses

A Facebook representative has also said that the social media website has no plans to rebrand the Oculus hardware with the Facebook logo or interfaces.

We will keep track of more details as they are released.

-----
Story Credit: Gamespot & Recode
Photo Credit: Lifenews