The FTC won’t challenge Facebook’s acquisition of virtual reality company...
The FTC won’t challenge Facebook’s acquisition of virtual reality company Oculus VR, said a pre-merger notification Tuesday from the commission (http://1.usa.gov/1jVKNbs). After the $2 billion deal was disclosed, Facebook CEO Mark Zuckerberg told analysts he saw the move as a…
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“long-term bet” that might not pay dividends for 5-10 years. Analysts were divided on the wisdom of the purchase, but some said it would place Facebook at the forefront of the virtual reality applications market.