By Andrew Moss

Facebook’s been on a buying spree again. Just weeks after buying messaging service WhatsApp for $19bn, it has put its hands into its very deep pockets once more and on Tuesday bought the virtual reality (VR) technology firm Oculus VR for $2bn [£1.2bn].

As with the WhatsApp deal, this latest acquisition took everyone by complete surprise. Facebook paid $400m in cash and the rest in more than 23m shares, at the time of writing worth about $1.6bn [£970m], plus an additional $300m pegged to Oculus’ future performance.

In an unusually detailed company statement (perhaps designed to reassure nervy shareholders anxious about Read full story ›

Source: The Drum