Facebook bets $2B on virtual-reality headset

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Wednesday, March 26, 2014

Bloomberg: Facebook Inc. made a $2 billion bet after purchasing Oculus VR Inc., saying the headset will become the next focus of its users' social lives.

Facebook Chief Executive Officer Mark Zuckerberg is following Google in seeking growth beyond smartphones and tablets. While Apple Inc.’s iPhone and Google’s Android mobile devices dominate today, developers are looking for new gadgets to showcase wares and are focusing on the more lifelike experiences that Oculus provides, Zuckerberg said in a blog.

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