Facebook Acquires Oculus For $2 Billion

What does VR have to do with Facebook?

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Yesterday afternoon, Facebook formally announced in a press release that they have acquired Oculus for approximately $2 Billion dollars. The social networking juggernaut also confirmed that they acquired Oculus VR for $400 million in cash and 23.1 million in Facebook shares. Facebook CEO Mark Zuckerberg praised the acquisition and offered the following quote:

“Our main goal has always been to make the world more open and connected, and we are on the same page with Oculus on this concept. 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.”

Oculus VR founder Palmer Lucky also stated that Facebook understands the full potential for VR and that’s the main reason why they are honored to be working with them right now. The Oculus Rift started out as a Kickstarter project by the studio and has since gained popularity from both developers and gamers alike.

Shortly after this news broke, many Kickstarter backers and a few game developers have openly expressed their disgust for this acquisition. In the eyes of many, this deal means that Oculus will now step away from the gaming scene and instead do whatever Facebook asks them to do. Personally, I’m not a fan of any Facebook game especially if Candy or Saga is in the title. Hopefully Facebook can better explain exactly what their vision is for Oculus in due time and correct any and all negative perception that they have already received.

Are any of you intrigued by this news? Do you think it spells the end the gaming side of the Oculus Rift? Please feel free to let us know your thoughts on the subject in the comments section below.

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Richard Bailey Jr. Editor-In-Chief
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