Fortune Analysts On Facebook's Oculus Deal

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Fortune Analysts On Facebook's Oculus Deal
January 27, 2017

The initial $2 billion payment for Oculus wasn’t even the entire amount Facebook paid for the company. The social networking giant also paid $700 million to keep certain Oculus employees and promised an additional $300 million if the company met specific milestones, according to the report.

On top of that, Zuckerberg said Facebook might have to dump an additional $3 billion into Oculus to shore up its technology

Why commit to spending nearly $7 billion — plus an extra $2 billion if Oculus loses its lawsuit — on a technology that has yet to blow up in the consumer market? Surely because Zuckerberg is looking beyond VR in the traditional sense.

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