The U.S. Federal Trade Commission has given Facebook the go-ahead to acquire Oculus VR, the agency said on Wednesday.
Facebook announced on March 25 that it had entered into an agreement to acquire Oculus, a virtual reality startup, for $2 billion in cash and stock. The deal would mark Facebook's second largest acquisition behind the $19 billion acquisition of WhatsApp, assuming both are finalized.
"We're pleased the FTC has cleared our acquisition of Oculus," a Facebook rep said in a statement emailed to Mashable. The FTC cleared the WhatsApp deal earlier this month, though it included a stern warning about privacy concerns with its approval.
News of the approval comes just hours before Facebook is scheduled to report its first quarter earnings results. Analysts may question company execs on the call about either or both of its big recent acquisitions.
Facebook stock was trading down about 2% in midday trading.
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