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Facebook Buys Oculus Virtual Reality Techonology Comnpany

Oculus Virtual Reality (OVR) head gear is among the latest developments in the virtual reality and gaming world that has caught the attention of so many people including big companies like Google, Apple and the likes.  The company behind OVR head gear known as Oculus VR, had been very consistent with their Oculus Rift project thereby also forcing the likes of Sony to get serious with theirs. However, a very surprinsing turn of events just hit us.  Facebook have bought over the Oculus VR Technology company for a total sum of $2 Billion.  Facebook which recently spent $19 billion on Whatsapp has once again opened its banks to the OVR company.  The buy-over saw Facebook paying $400 million in cash while the remaining $1.6billion will be in Facebook stocks including a potential $300 million in bonuses. Oculus VR was a programme started to give hard core immersive experience of game environments. Therefore, it is quite puzzling as to why Facebo...