News of the acquisition came earlier today, after Facebook announced the news on their blog page. They write: The post continues, stating that the two will focus on pipelining virtual and alternate reality products for consumers. They’re also continuing the development of class VR audio with the Oculus team. This acquisition actually gives positive reinforcement to the social media’s presence within the virtual reality field. Big things are in the future for the VR field – especially for Facebook and Two Big Ears. Image credit to Amber Case / Flickr.