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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 Generic_username

What?

Posted by Shevar

Not a big fan of Facebook or Zuckerberg, so Oculus became a whole less interesting to me. It's more a feeling than anything else, but everything involving Facebook always felt dirty to me.

I wonder how Zuckerberg's strategy of buying "The Next Big Thing to remain relevant" will hold.

Posted by iragequit

The platforms of tomorrow: The PC.

Posted by dukesideofthemoon

Fuck.

Posted by Duncecap

Can't wait for some proprietary virtual solutions!

Posted by ottoman673

RIP Oculus

Guess we're all buying Project Morpheus' now.

Edited by spraynardtatum

Confirmed

Oculus Rift only costs $300 as well as the rights to everything you say while wearing it and the souls of everyone in your friends list. All in the name of ads.

Posted by paulunga

"We believe virtual reality will be heavily defined by social experiences that connect people in magical, new ways."

Really now? I've been following Oculus development quite closely, how come that's the first time I've heard that shtick then?

Posted by Sil3n7

It doesn't make alot of sense from a strategic standpoint but from a pure business one, its easy to see that Oculus is going places.

Smart move I guess.

Posted by Brewhammer

WTF

Posted by TurboMan

Get ready for Virtual Reality Farmville.

Posted by altngr

Huh, that's an odd fit.

Posted by Slunk

This can't be good...

Posted by goatsofdoom

RIP oculus

Posted by Chaoot

WTF, now I hate FB even more.

Posted by DaemonBlade

Dumbest thing ever! I don't want to see VR FarmVille.

Edited by Doctor_Mummy

...huh

Edited by tildebees

whatttttttt

Posted by Arcadem

what

Posted by OneKillWonder_

I don't know how I feel about this. Well, actually, I'd say I feel mostly not good. I don't see how social networking can benefit from a virtual reality headset in any significant way, and that's certainly not what I would want to use it for. On the bright side, at least this tech will surely make its way into the public eye.

More than anything, I can't believe that Facebook now owns John fucking Carmack. Like...holy shit!

Posted by Deadlydog

What what what what?

Posted by Monkeyman04

*in best Kyle's mom voice*

WH-WHA-WHAT!?

Posted by Chicken008

ABORT!

Posted by Matiaz_Tapia

Makes sense. I suppose this means the "other applications" of this technology might happen sooner than later.

Posted by GeneralBison

Oh well, it was cool while it lasted

Edited by kid_gloves

Did people kickstart a company so that they could sell and make big money? This seems awful. Almost like the kickstarter was just to fund the initial operation while they looked for venture capital and a way to sell and make big money. Are we going to see the heads leave in 2 years and go start a new company to sell using other peoples money again?


I know its very common in the tech world, far too common, but the involvement of Kickstarter to start it all off just seems rotten.

Posted by spraynardtatum

I don't want to have to sign into a Facebook account to use this thing...

Oculus just got gross and invasive!

Posted by Giganteus

I don't wanna jump the gun, but I will. Fuck Facebook, so fuck this. Nope, don't like it.

It might turn out alright, though. Right? Riiiight?

Edited by AMyggen

Not a big fan of all the "social" talk in those quotes...

Online
Posted by Seikenfreak

Wtf?

Im pretty sure I'm not cool with this?

Posted by MrKlorox

Wow. Is it weird that I have less faith in the final product now?

Posted by Borp

Crazy.

Posted by Nightriff

Well Sony seems to be the lead dog now with VR until proven otherwise, who thought facebook was interested in this stuff? Them buying the Ouya makes waaaaaaaaaaaaay more sense than this.

Posted by roguehallow

Sadly, playing games on the Oculus Rift will now be difficult, since any images the device shows you will be organized and presented by popularity, not by what is actually happening at that moment.

Edited by SolongWrex

"We are excited for Mark and the Facebook team to deliver us literal trucks full of money", said Brendan Iribe, co-founder and CEO of Oculus VR. "We believe our lives will be heavily defined by expensive experiences that require us to spend money in magical, new ways. It's a transformative and disruptive amount of money that enables us to experience the impossible, and it's only just the beginning."

Posted by Humanity

@amyggen said:

John Carmack works for Facebook now.

Thats the best part.

Edited by Lukeweizer

IT'LL BE LIKE I'M ON THE FARM... VILLE!!!!

Posted by kerse

That's pretty strange, but I don't see how it will affect much as far as games go, still just a piece of hardware that developers can make stuff for, unless facebook starts making the rift show you ads or something every 5 minutes.

Posted by rachelepithet

MONETIZE TEENS

Posted by Illuminosopher

Ha

Posted by gaftra

First thought is that Phil Fish is somewhere losing his shit right now, and that's the reaction I really want to see.

Also I no longer expect this to be a game platform, at least in primary function. Notice that nothing in that statement mentions gaming.

Too bad, at first it seemed like it could have been an Amazon buying Double Helix and the possibility of games diversifying further.

Posted by Killercombo

I hope the Carmack interview goes up soon.

Edited by pyrodactyl

@humanity said:

@amyggen said:

John Carmack works for Facebook now.

Thats the best part.

Wow. Too bad we won't get the shock WTF in the bombcast this week.

Posted by InternetDetective

I know I already commented but seriously this fucking sucks.

Edited by TheKing

As someone who never cared about Oculus or VR I find this hilarious.

Posted by jediknight00719

Seriously at a loss for words. I don't think anyone saw this coming

Posted by ChrisTaran
Posted by sworen

I'd question this more if it had any relation to connecting with Facebook in any way. Seems like more of a move to just to earn money on their end separately from Facebook, cause I just don't see how the 2 could relate.

Posted by Roboculus92

@sil3n7 said:

It doesn't make alot of sense from a strategic standpoint but from a pure business one, its easy to see that Oculus is going places.

Smart move I guess.

Pretty much this. I know that everyone is thinking about the worse-case scenarios that could result from this but at the very least this can help bring exposure to the whole virtual reality thing.