Business

Visionary or looney? Zuckerberg on spending spree

By BARBARA ORTUTAYMICHAEL LIEDTKE
Published March 27, 2014 12:02am ET
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Visionary or looney? Zuckerberg on spending spree
FILE - In this Jan. 7, 2014 file photo, show attendees play a video game wearing Oculus Rift virtual reality headsets at the Intel booth at the International Consumer Electronics Show(CES), in Las Vegas. Facebook said Tuesday, March 25, 2014, it has agreed to buy Oculus for $2 billion, betting that its virtual reality may be a new way for people to communicate, learn or be entertained. (AP Photo/Jae C. Hong, File) | Jae C. Hong

NEW YORK (AP) — Facebook’s latest multibillion dollar acquisition of virtual reality headset maker Oculus is prompting some people to wonder if CEO Mark Zuckerberg is already living in an alternate reality.

Longtime technology analyst Roger Kay wonders whether Zuckerberg “is nuts” for agreeing to pay $2 billion for Oculus less than five weeks after inking a deal to buy WhatsApp for $19 billion.

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Facebook Mark Zuckerberg Mergers and Acquisitions