Facebook to Acquire Oculus VR for $2 Billion USD

Posted on March 25, 2014 by
Facebook to Acquire Oculus VR for $2 Billion USD

Facebook has agreed to buy Oculus VR, maker of the virtual reality headset called the Oculus Rift, for $2 Billion USD. Facebook CEO, Mark Zuckerberg plans to expand the company in more directions than just video games:

"Immersive gaming will be the first, and Oculus already has big plans here that won't be changing and we hope to accelerate. The Rift is highly anticipated by the gaming community, and there's a lot of interest from developers in building for this platform. We're going to focus on helping Oculus build out their product and develop partnerships to support more games. Oculus will continue operating independently within Facebook to achieve this.

But this is just the start. After games, we're going to make Oculus a platform for many other experiences. Imagine enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face -- just by putting on goggles in your home." - Mark Zuckerberg

Source: Business Insider