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Facebook, Samsung Developing New Virtual Reality Device: Report

NEW YORK (TheStreet) — Facebook's brand new Oculus division is reportedly teaming-up with mobile phone powerhouse Samsung to work on the next generation of virtual-reality headsets. Facebook stock was gaining more than 6.5% to $75.95 in mid-afternoon trading in New York. According to a report from CNet, the two companies are beginning the co-development of wearable 3D devices which will …