Facebook To Buy Oculus VR For $2 Billion


Looks like another Kickstarter company has taken off again! According to The Verge, Oculus VR, maker of the Oculus Rift, is in the process of being acquired for $2 Billion ($400 M in cash, the rest will be acquired via Facebook shares). As aforementioned, the Oculus Rift is what the company is most notably known for producing. CEO of Facebook Mark Zuckerberg stated:

“Oculus’s mission is to enable you to experience the impossible. Their technology opens up the possibility of completely new kinds of experiences. Immersive gaming will be the first, and Oculus already has big plans here that won’t be changing and we hope to accelerate.”

(The amount of money Oculus raised off of the crowd funding site; Kickstarter)

This power move is Facebook’s latest move to help keep this company reigning supreme amongst it’s competitors. In 2012 Facebook acquired Instagram for $1 Billion. Moreover, a few weeks ago, the social media giant acquired WhatsApp for a whopping $14 Billion. Now with it’s latest acquisition of Oculus, Facebook clearly has many options to expand their business among different venues of social media, gaming, and phone communication.

Check out this video to see how the Oculus Rift is about to change the gaming technology market forever!