Facebook Purchasing Oculus VR Company for $2 Billion

Discussion in 'Articles' started by Trickman, Mar 26, 2014.

  • by Trickman, Mar 26, 2014 at 11:23 AM
  • Trickman

    Trickman Co-Founder of this glorious place Staff Member

    The darling of Kickstarter — the Oculus Rift virtual reality headset is no longer the indie developers' dream it once was. Facebook announced that it would be purchasing Oculus VR, the makers of Oculus Rift for $2 billion. The transaction is expected to close in the second quarter of 2014. It was once touted strictly as a gaming device, but CEO of Facebook, Mark Zuckerberg said Facebook plans to use its technology for media, communications, and other forms of entertainment; touting VR as having the potential to be the next great computing evolution. Opinions about the purchase are all over the place on blogs, news sites, social media outlets, etc.

    The official announcement is as follows:
    Photo Illustration: Jason Foral Source: boingboing.net
  • Categories: Uncategorized


Discussion in 'Articles' started by Trickman, Mar 26, 2014.

  1. DocNonsensical
    So.... Is this Facebook trying to enter the ring with Google Glass?
  2. Boric
    I'm suddenly more interested in Sony's Morpheus... And seriously... that much stock in facebook. I can't see facebook staying at the top for much longer. I hope they start selling that stock off as soon as they can.
    DocNonsensical likes this.
  3. Trickman
    DocNonsensical likes this.

Share This Page