An additional based on reaching specific milestones.
In 2014, the tech world was stunned by a multibillion-dollar bet on the future: . The Origins: A Garage Dream The story began in 2012 when 19-year-old Palmer Luckey launched a Kickstarter campaign for the " Oculus Rift Go to product viewer dialog for this item. facebook buys oculus
of Facebook common stock, valued at $1.6 billion. An additional based on reaching specific milestones
," a prototype headset that promised to finally make high-quality virtual reality a reality. It raised $2.4 million, ten times its original goal, and quickly became the "darling" of the gaming community. The Deal: A $2 Billion Surprise of Facebook common stock, valued at $1
On March 25, 2014, Meta (then Facebook) announced it would acquire Oculus for approximately . The deal was a complex mix of: $400 million in cash.