Facebook Acquires Oculus Rift for $2 Billion

Posted by: Maxine Brimmer (3 years, 5 months ago)

On Tuesday, Facebook announced that it had acquired the company responsible for the Oculus Rift virtual reality gaming headset, securing the social network’s place in the future of the gaming industry. The $2 billion cash and stock deal acquisition is the second major deal that Zuckerberg’s company has made in the first quarter of 2014.

According to reports, Oculus VR was purchased for $400 million in cash, along with a further 23.1 million shares of Facebook common stock. Facebook’s representatives have said that the developers behind the Oculus Rift will continue building the platform from their current base of operations in Irvine.

While early investors in the Oculus Rift’s Kickstarter program may be unhappy with the social media acquisition, Facebook CEO Mark Zuckerberg has expressed his keen interest in the virtual reality device as part of the future of computing. “Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate,” Zuckerberg said in a statement.

Less than two months ago, Facebook also announced that it had acquired massively popular messaging service WhatsApp for the staggering sum of $16 billion.

← Glass about to get stylish: Google sign deal with RayBan and Oakley creator Microsoft publishes source code for MS-DOS and Word →

Process Library is the unique and indispensable process listing database since 2004 Now counting 140,000 processes and 55,000 DLLs. Join and subscribe now!

System Tools

PC Mechanic