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744 Comments

Facebook Just Bought Oculus VR

For $2 billion in cash and stock.

Here's one you probably didn't see coming.

Facebook announced today that it is acquiring Oculus VR, creators of the still-in-development Oculus Rift VR headset, for $2 billion in cash and shares of Facebook stock. Go ahead, take a moment to process that. Facebook now owns Oculus Rift.

"Mobile is the platform of today, and now we're also getting ready for the platforms of tomorrow," Facebook founder and CEO Mark Zuckerberg said in the company's official press statement. "Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate."

"We are excited to work with Mark and the Facebook team to deliver the very best virtual reality platform in the world," said Brendan Iribe, co-founder and CEO of Oculus VR. "We believe virtual reality will be heavily defined by social experiences that connect people in magical, new ways. It is a transformative and disruptive technology, that enables the world to experience the impossible, and it's only just the beginning."

The Oculus Rift has been in development since 2012, following a successful Kickstarter campaign that netted the company nearly $2.5 million in funding. The Rift has only been available in dev kit form thus far, with the final consumer model expected to hit the marketplace in late 2014/early 2015. Most recently, the company retained the services of longtime id Software figurehead John Carmack for the role of chief technology officer.

And now Facebook owns Oculus Rift. Facebook. Anyone else having a hard time parsing this one?

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767 Comments
Posted by Ceno

Well shit.

Posted by Crono11

Wait wat...

Posted by Do_The_Manta_Ray

.. Oh, no...

Posted by thefriend

I don't think I'm ok with this. CARMACKKKKKKKKKKKKKKK

Posted by TheLastNeo

wow...

Posted by Shortbreadtom

Oh no... oh no. I don't trust this possibly ground breaking technology to a company that states "mobile is the platform of today"

Posted by Thaedor

Was this posted a week early?

Posted by Vessel28

This is a joke, right?

Posted by Jeabusier

Well, guess Oculus Rift sucks now.

Posted by Muzhik

Coming to oculus rift soon, farmville

Posted by InternetDetective

I don't want OR to be social. The whole reason I want it is so I can escape this world without having to kill myself. This is terrible news.

Posted by ultron100

What the what?

Posted by Muzhik

Coming to oculus rift soon, farmville

Posted by MariusK

whaaaaaaaaat

Edited by bluefoxxy

Uhh.... What?

Posted by kineticflow

Why.

Posted by Jonny_Anonymous

I don't like this at all

Posted by John_Pits

I was half expecting MS to go into business with Oculus VR, to try and cut into what Sony's doing. Personally, I find this whole VR stuff a bit of a gimmick and I'm not interested, unless they make massive leaps.

Edited by EdgeZero

I'm going to hope for the best on this one and think of all the money Facebook has that can develop this technology. But man, all I can think of is Oculus just quietly disappearing.

Posted by kuyaglen

Virtal Farmville!!!

Posted by WSGEXE

Does this mean John Carmack works for Facebook now?

Posted by kylekrane

no.gif

Edited by leejunfan83

FUCK!!!!!!!!!!

Posted by Dagbiker

Games are dead.

Just when VR might have had a chance, it gets fucked up.

Posted by desoda

Could be worse, I guess.

Edited by Soulrivers

Just damn. So unexpected.

Posted by RJPelonia

Weird.

Why?

Posted by NickyDubz

It was a hell of a run....

Posted by AMyggen

John Carmack works for Facebook now.

Edited by RecSpec

Long Live Morpheus.

Posted by MatthewSerious

Great! Now Facebook ads can encompass my entire field of view and the Rift feed can filter experiences based on what it wants me to see. I don't suppose backers can get their money back. Gross.

Edited by Jamakan_Inc

I don't even.

Posted by samurai1000

Why Facebook? Are they looking to a virtual Facebook experience?

Seems an odd choice to invest in.

Posted by JaredA

Damn, that's crazy...

Edited by Dujun

Well, hopefully the Sony VR is good then.

Posted by Korwin

From other thread:

Uhhhh, what?

I can see it now, all Oculus middleware also coming with facebook notification hooks. In the middle of a deeply engrossing and terrifying moment in Alien: Isolation on the rift when "BING: YO DAWG CHECK OUT MY SWEET SELFIE"

Posted by NickDynmo

Um. What? Whoa. Why?

Edited by loki_16

WTF!

Edited by Pacmanlh

Farmville with the Oculus Rift.

Posted by crithon

with 2 billion buy out we are going to start reading key figure heads from Occulus VR leaving.

Edited by Slunks

Great. Just great.

Online
Posted by JonKrag

Yeah, not dismissing it, but what the fuck? Seems kinda odd, good luck to them though!

Posted by Rukus

wat

Edited by Bicycle_Repairman

I... hmm well my opinion of facebook might color my view. But this is not positive news to me. really dont like this.

Edited by pause422

While jumping to immediate conclusions that this will affect things in a bad way is rather silly, I still don't sit well with it. Even just the idea of Oculus doing its own thing was better sounding to me than being ruled by some big company. Then of course there's the fact that its Facebook....

Posted by AlexGBRO

that came out of the blue

Posted by Rufuscrim

Imagine your news feed... In the 3rd dimension!

Posted by OleMarthin

wow

Posted by _Phara0h_

WTF, is Facebook just buying up everything...

Posted by Beaudacious

Um, wtf? What?,Why?...is this good?