Facebook Acquires Oculus VR for $2 Billion
On March 25th Facebook announced that it acquired Oculus VR in a cash and stock deal valued at $2 billion. The terms of the deal include $400 million in cash and 23.1 million shares of Facebook common stock. Facebook says that Oculus will remain headquartered in Irvine and will continue developing the Oculus Rift platform.
"Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate"
Facebook CEO Mark Zuckerberg said in a statement.
For him it's all about the future. If mobile is the current computing platform, vision and virtual reality could be platforms of the future. Zuckerberg described buying Oculus as "a longterm bet on the future of computing."
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For him it's all about the future. If mobile is the current computing platform, vision and virtual reality could be platforms of the future. Zuckerberg described buying Oculus as "a longterm bet on the future of computing."
Read More...