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March 25, 2014 AT 1:16 PM
Facebook Tuesday said it agreed to acquire Oculus VR, a virtual-reality company that uses glasses to simulate game play, for $2 billion in cash and stock. “Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow,” said Facebook chief executive Mark Zuckerberg . “Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate.”