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Install VirtualBox 4.2 in Ubuntu 13.04 Raring/Ubuntu 12.10 Quantal/Ubuntu 12.04 Precise/Ubuntu 11.10 Oneiric/11.04/Ubuntu older versions/Linux Mint 15/14/13/12/Debian/and other Ubuntu based distributions

Virtual-box is a powerful x86 and AMD64/Intel64 virtualization product for enterprise as well as home use. Not only is Virtual-box an extremely feature rich, high performance product for enterprise customers, it is also the only professional solution that is freely available as Open Source Software under the terms of the GNU General Public License (GPL) version 2.
virtualbox
virtualbox

Presently, Virtual-box runs on Windows, Linux, Macintosh, and Solaris hosts and supports a large number of guest operating systems including but not limited to Windows (NT 4.0, 2000, XP, Server 2003, Vista, Windows 7), DOS/Windows 3.x, Linux (2.4 and 2.6), Solaris and Open-Solaris  OS/2, and OpenBSD.

Changelog of Virtualbox 4.2.16:
  • OVF/OVA: don't crash on import if no manifest is used
  • GUI: do not restore the current snapshot if we power-off after a Guru Mediation
  • Storage: fixed a crash when hotplugging an empty DVD drive to the VM
  • Storage: fixed a crash when a guest read from a DVD drive attached to the SATA controller under certain circumstances
  • EFI: don't fail with 64-bit guests on 32-bit hosts
  • Autostart: fixed VM startup on OS X
  • Windows hosts: native Windows 8 controls
  • Windows hosts: restore native style on Vista 32
  • Windows hosts / guests: Windows 8.1 adaptions
  • Mac OS X hosts: after removing VirtualBox with VirtualBox_Uninstall.tool, remove it from the pkgutil --pkgs list as well

To install VirtualBox on Ubuntu/Linux Mint open Terminal (Press Ctrl+Alt+T) and copy the following commands in the Terminal:

Download Extensions for VirtualBox (like: Usb 2.0, etc).
For other Distro's download from here.
That's it