While many of us were expecting Microsoft to make some announcements regarding Virtual Reality at GDC, Sony revealed their prototype called Project Morpheus. It is similar to Oculus Rift where gamers will be wearing the device on their heads to experience the immersive experience. Today, Facebook shocked and surprised the tech industry by acquiring Oculus. Read the full press release below, MENLO PARK, Calif., March 25, 2014 /PRNewswire/ –_Facebook today announced that it has reached a definitive agreement to acquire Oculus VR, Inc., the leader in immersive virtual reality technology, for a total of approximately $2 billion. This includes $400 million in cash and 23.1 million shares of Facebook common stock (valued at $1.6 billion based on the average closing price of the 20 trading days preceding March 21, 2014 of $69.35 per share). _The agreement also provides for an additional $300 million earn-out in cash and stock based on the achievement of certain milestones. Oculus is the leader in immersive virtual reality technology and has already built strong interest...

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