The deal includes $400m in cash and some 20 million shares worth about $1.6bn.
A statement released by Facebook chief Mark Zuckerberg said Oculus's technology opened the possibility of "completely new kinds of experiences" in communications, media, entertainment and education.
"Imagine enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face - just by putting on goggles in your home Women's John Miller Jersey ," the statement said.
"One day, we believe this kind of immersive, augmented reality will become a part of daily life for billions of people.
"Virtual reality was once the dream of science fiction. But the internet was also once a dream, and so were computers and smartphones. The future is coming and we have a chance to build it together."
The Oculus Rift headset has brought virtual reality to the sporting world. England Rugby and its partner O2 say the Wear The Rose experience gives fans the chance to train with the national squad.
It lets them participate in drills directed by coach Mike Catt Women's Shaq Lawson Jersey , making them feel as though they have just received their very first England call-up. Coach Mike Catt told Sky News the technology could help players make better decisions on the field.
As part of the Facebook deal, Oculus employees are eligible for a $300m bonus if the company achieves certain targets.
Facebook's purchase of Occulus follows the company's $19bn deal to snap up messaging service WhatsApp in February.
WASHINGTON, April 15 (Xinhua) -- Americans list their dissatisfaction with the government and political leadership as the top problem in the country, according to a new Gallup poll.
The April 5-9 poll found that 21 percent of Americans think dissatisfaction with governmentpoor leadership is the most important problem facing the country.