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Facebook To Buy Oculus VR, Maker Of The Rift Virtual Reality Headset For $2B

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  1. CatfishRivers

    CatfishRivers Well-Known Member

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    Facebook To Buy Oculus VR, Maker Of The Rift Headset, For Around $2B In Cash And Stock | TechCrunch (click for full article)

    by Mathew Panzarino - March 25, 2014

    -- Facebook has announced plans to purchase Oculus VR, the company behind the Rift headset, for around $2B in cash and stock. This includes $400M, and 23.1 million Facebook shares. An additional $300M earnout will be paid in cash and stock if Oculus hits certain unspecified milestones.


    “I’m excited to announce that we’ve agreed to acquire Oculus VR, the leader in virtual reality technology,” said Facebook CEO Mark Zuckerberg in a statement today.


    Our mission is to make the world more open and connected. For the past few years, this has mostly meant building mobile apps that help you share with the people you care about. We have a lot more to do on mobile, but at this point we feel we’re in a position where we can start focusing on what platforms will come next to enable even more useful, entertaining and personal experiences.


    This is where Oculus comes in. They build virtual reality technology, like the Oculus Rift headset. When you put it on, you enter a completely immersive computer-generated environment, like a game or a movie scene or a place far away. The incredible thing about the technology is that you feel like you’re actually present in another place with other people. People who try it say it’s different from anything they’ve ever experienced in their lives.


    Zuckerberg says that their efforts with Oculus will continue to focus on gaming initially, and that the company will continue to operate independently of Facebook. But after gaming, Zuckerberg says, they’re going to expand into a variety of other arenas.


    “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,” he says. “This is really a new communication platform. By feeling truly present, you can share unbounded spaces and experiences with the people in your life. Imagine sharing not just moments with your friends online, but entire experiences and adventures.”


    See more at: Facebook To Buy Oculus VR, Maker Of The Rift Headset, For Around $2B In Cash And Stock | TechCrunch
     
  2. CatfishRivers

    CatfishRivers Well-Known Member

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    CatfishRivers Well-Known Member

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