Facebook buys virtual reality co. Oculus for $2B

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NEW YORK (AP) — Facebook has agreed to buy Oculus for $2 billion, betting that its virtual reality technology may be a new way for people to communicate, learn or be entertained.

“This is a long-term bet on the future of computing,” said Facebook Chief Executive Mark Zuckerberg Tuesday on a call with analysts. “I believe Oculus can be one of the platforms of the future.”

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