Facebook has announced that an agreement has been reached with Oculus VR, Inc to purchase the virtual reality developer for $2 billion. Of the $2 billion being paid, $400 million of it will be in cash and the remainder will amount to 23.1 million shares of Facebook common stock valued at $69.35 per share.
And just like that, our long national nightmare is over. The Winklevoss twins have seen their second case against Facebook dismissed by a US District court judge. They were seeking to increase their original $65 million settlement from Zuckerberg and company.