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Facebook Just Bought Oculus VR

For $2 billion in cash and stock.

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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?

Alex Navarro on Google+

767 Comments

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ceno

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ceno • 

Well shit.

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Crono11

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Do_The_Manta_Ray

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thefriend

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thefriend • 

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

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TheLastNeo

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Shortbreadtom

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

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Thaedor

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Thaedor • 

Was this posted a week early?

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Vessel28

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Jeabusier

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Jeabusier • 

Well, guess Oculus Rift sucks now.

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Muzhik

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Muzhik • 

Coming to oculus rift soon, farmville

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InternetDetective

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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.

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ultron100

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Muzhik

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Muzhik • 

Coming to oculus rift soon, farmville

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MariusK

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bluefoxxy

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kineticflow

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Jonny_Anonymous

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John_Pits

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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.

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EdgeZero

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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.

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kuyaglen

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WSGEXE

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WSGEXE • 

Does this mean John Carmack works for Facebook now?

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kylekrane

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leejunfan83

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Dagbiker

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Dagbiker • 

Games are dead.

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

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desoda

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desoda • 

Could be worse, I guess.

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Soulrivers

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Edited By Soulrivers • 

Just damn. So unexpected.

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RJPelonia

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NickyDubz

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AMyggen

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AMyggen • 

John Carmack works for Facebook now.

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recroulette

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MatthewSerious

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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.

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Jamakan_Inc

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samurai1000

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

Seems an odd choice to invest in.

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JaredA

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JaredA • 

Damn, that's crazy...

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Dujun

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Edited By Dujun • 

Well, hopefully the Sony VR is good then.

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korwin

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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"

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NickDynmo

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loki_16

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pacmanlh

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Edited By pacmanlh • 

Farmville with the Oculus Rift.

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crithon

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crithon • 

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

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Slunks

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Edited By Slunks • 

Great. Just great.

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JonKrag

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JonKrag • 

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

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rukus

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Bicycle_Repairman

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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.

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pause422

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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....

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AlexGBRO

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AlexGBRO • 

that came out of the blue

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Rufuscrim

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Rufuscrim • 

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

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OleMarthin

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_Phara0h_

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_Phara0h_ • 

WTF, is Facebook just buying up everything...

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Beaudacious

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