Facebook acquires Oculus VR for $2 Billion: Gaming Headset platform

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oculus vr facebook Facebook acquires Oculus VR for $2 Billion: Gaming Headset platform

Image: ROBYN BECK/AFP/Getty Images

On Tuesday Facebook announced that it may buy the Oculus VR, but now Facebook acquires Oculus VR, the company that is known for its Oculus Rift gaming headset for $2 Billion.

Facebook set to give $400 Million in cash and 23.1 Million in Facebook stock according to the terms of deal.

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The Oculus Rift is one of the most known project for Kickstarter, in 2012 the project raised over $2 Million, while it raised $91 Million in funding in 2013.

“Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate,” Mark Zuckerberg said in a statement.

Facebook also said that the company can continue their work in Irvine in its own headquarter and no need to stop developing the Rift platform.

Facebook CEO Mark discussed how he was interested in this contract: Mark said that Oculus is looking like the future because mobile is current platform but vision and virtual reality could be future platforms.

Shane Hudson, a  London based developer said that Oculus is not just related to investors but it also offers a fully immersed experience. Hudson thinks that it can extend the experience from tasks including “playing a game, watching a film, reading a book or even chatting your friends ‘face-to-face’ despite being on the other side of the world.”

Mark also said that acquiring Oculus is a great way of investing in technology for future. He said that Oculus is “years ahead in terms of technology” but “all the best and brightest in the space already work there.”

What would you think of Oculus? Is Facebook doing well? Tell us in the comments below.

Harshit Sharma

Harshit Sharma is a Technology Journalist along with the CEO,Founder and Editor in Chief of the Technology blog Cosimple since 2012. He loves penning about Technology and Social Media. Currently studying in high school and also a big Apple "rooter".

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2 Comments

  1. Safwan Labib said:

    Facebook is doing an excellent job of getting Oculus, ’cause they are probably gonna be the Google of tomorrow.

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