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Wednesday, March 26, 2014

Facebook has agreed to acquire Oculus VR,

The developer of a virtual reality headset, in a cash and stock deal worth up to $2.3B. The deal follows Sony's (SNE) announcement that it's developing a VR headset and reports that Microsoft is working on one as well. "Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate," Facebook (FB) CEO Mark Zuckerberg gushed.

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