In March of this year, Facebook announced plans to acquire the makers of the Oculus Rift virtual reality headset for $2 billion, and today the deal is officially complete.

Loading

Loading

In their announcement, the companies did not reveal any additional details regarding the finalized transaction, although they did issue a statement stating, "We’re looking forward to an exciting future together, building the next computing platform and reimagining the way people communicate."When the acquisition plans were first announced, Oculus VR was set to receive $400 million in cash and 23.1 million in Facebook shares. At the time, Facebook said that the company "plans to extend Oculus' existing advantage in gaming to new verticals, including communications, media and entertainment, education and other areas."Since the time of the original announcement, Oculus VR revealed plans to acquire the design team behind the Xbox 360's controller and Kinect, became involved in a lawsuit with ZeniMax Media over the technology used with the Rift headset, and sent out the first shipments of their Oculus Rift Development Kit 2 headsets . Oculus will be hosting its first developers conference, Oculus Connect , this September in Hollywood, California.

Justin is all about his family and his gadgets. Follow him on MyIGN or on Twitter at @ItsTheLingo