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Facebook buys Oculus VR in major bet on virtual reality
Facebook buys Oculus VR in major bet on virtual reality

SAN FRANCISCO — A tiny Irvine company founded by a 21-year-old Cal State Long Beach drop-out may play a leading role in Facebook's next major bet on the future of the Internet: that virtual reality will change the way people experience the Web. Facebook said Tuesday that it was buying Oculus VR, maker of virtual reality headsets for video game players, for $2 billion. The ultimate goal of the acquisition, the giant social network said, is to create an immersive 3-D experience in which users don't just chat online with friends but grab a cup of coffee with them in a virtual cafe or travel with them to distant places, just by putting on a pair of goggles with dark lenses....

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