If you can’t beat it, buy it, or something like it. That appears to be Mark Zuckerberg’s mantra these days.

Mark Zuckerberg’s Facebook apparently thinks Google Glass is disruptive enough, because they just  agreed to acquire Virtual Reality startup, Oculus VR – the guys behind the ubercool Oculus Rift – for $2 billion dollars. That’s $400 million in cash and 23.1 million Facebook shares, current valued at around $1.6 billion. Another ridiculously overvalued company or nay? You decide.

In his usual Fashion, Zuckerberg has assured the company will continue to run independent of Facebook influence.

Find out more about the acquisition on Zuckerberg’s Facebook and Facebook Newsroom

Muyiwa Matuluko Author

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