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From Messaging to Gaming, Mark Zuckerberg Is Buying

Just five weeks after acquiring mobile messaging app WhatsApp (for a whopping $19 billion), Facebook announced Tuesday it plans to buy Oculus, the virtual reality headset startup that's been the talk of the town—the gaming town, that is—even though it has yet to send a single product to market. The $2 billion buyout includes 23.1 million shares of Facebook stock and $400 million in cash. Techonomy CEO and Bloomberg contributing editor David Kirkpatrick appeared on Bloomberg Surveillance Wednesday to talk about Facebook’s objectives in acquiring Oculus, both now and in the future. “They can win with this purchase,” Kirkpatrick said, adding that Oculus can help Facebook achieve its short-term goal of building a stronger gaming platform.   More