For virtual reality, the near-term billion-dollar opportunities are in entertainment — especially movies and games — and Mark Zuckerberg and the team at Oculus understand this.

Facebook is getting into the virtual reality business. The social networking giant announced plans Tuesday to buy virtual reality firm Oculus VR for $2 billion, its latest high-profile acquisition.

Facebook announced today it has reached an agreement to purchase virtual reality pioneer Oculus VR for almost $2 billion, through a combination of cash and stock.

Oculus VR will close its Emmy-winning cinematic-content division, Story Studio, to focus instead on funding others’ storytelling projects.

Will Facebook's new Oculus Go virtual-reality headset finally get you interested in virtual reality? Oculus Go, which goes on sale Tuesday, is a self-contained $199 mobile VR unit that ...

Original story below. Evidence is piling up that Facebook-owned Oculus is gearing up to launch its low-cost, standalone virtual reality headset Oculus Go, possibly as soon as later today.

Facebook buys virtual reality company Menlo Park, Calif. -- Facebook (FB) says it has agreed to buy Oculus, a virtual reality technology company, for $2 billion.

Six months after the highly anticipated launch of its virtual-reality goggles, Facebook Inc.’s Oculus unit is facing a reality check. Oculus, which reunited its developers this week for the ...

Mark Zuckerberg calls the $2-billion Oculus acquisition a 'long-term bet on the future of computing,' saying virtual reality has the potential to be 'the most social platform ever.' ...

Facebook has bought the maker of a virtual reality headset and interface for $2 billion. Economics correspondent Paul Solman profiles the company, Oculus VR, and Hari Sreenivasan talks to Vindu ...

In what sounds like something from a sci-fi movie, Facebook envisions extending social media and entertainment into virtual-reality worlds, announcing a deal to acquire virtual-reality headset ...

Facebook Inc. made its second blockbuster acquisition of the year, agreeing Tuesday to acquire Oculus VR Inc., a 20-month-old maker of virtual-reality goggles, for $2 billion in cash and stock ...