Facebook To Acquire Oculus VR

The social network has agreed to buy the makers of Oculus Rift.

Facebook have made a huge move with the announcement that they are to acquire Oculus VR, the makers of the Oculus Rift.  The deal is reported to be worth $2 billion, consisting of $400 million in cash and the rest made up of Facebook stock, with a further $3oo million contingent on the performance of the company.

“Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow,” said Facebook CEO and Founder Mark Zuckerberg. “Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate.”

“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 added in a post on his timeline.

Oculus will stay in its current location of Irvine, California, and the acquisition will close in Q2.  The Oculus Rift still doesn’t have a launch window at this moment in time.

Source: GI.biz