The Panzer:

Facebook has announced plans to purchase Oculus VR, the company behind the Rift headset, for around $2 billion in cash and stock. This includes $400 million, and 23.1 million Facebook shares. An additional $300 million earnout will be paid in cash and stock if Oculus hits certain unspecified milestones.

Where does this money come from — this is bananas. Facebook sure is starting to feel an awful lot like Yahoo back in its prime.

Posted by Ben Brooks