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Facebook Gets U.S. Antitrust Approval to Buy Oculus

Social network giant Facebook Inc has won U.S. antitrust approval to buy Oculus VR Inc, a two-year-old maker of virtual reality goggles, the Federal Trade Commission said on Wednesday.

Facebook said on March 25 that it planned to buy Oculus for $2 billion in its first-ever hardware deal. Facebook Chief Executive Officer Mark Zuckerberg said at the time that the proposed transaction reflected his company's desire to bet on "the platforms of tomorrow."

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The deal was on a list of several proposed transactions that have been cleared by the U.S. Department of Justice and FTC. The commission puts out an updated list several times a week.

The Oculus buy was one of several high-profile purchases by Facebook, which recently won antitrust approval to acquire Whatsapp, an instant messaging service for smartphones, for $19 billion. It also bought the photo-sharing app Instagram in 2012.

Facebook was at $66.97 per share, down 1 percent, in late-morning trading.

--- Reuters