Facebook acquires Israel's Pebbles Interfaces for reported $60 million

caseylane94 writes: Facebook has acquired virtual reality company Pebbles Interfaces for the hefty sum of $60 million in a bid to keep its cutting edge virtual reality technology out of the hands of competitors. The move parallels Facebook's 2014 acquisition of VR goggle producer Oculus Rift. The resulting virtual reality product is set to hit the shelves around Christmas 2015.