Facebook Buys Oculus, Virtual Reality Gaming Startup, For $2 Billion

[tommybhoy]

In a Tuesday afternoon shocker, Facebook announced it is buying hot virtual reality gaming company Oculus VR for $2 billion. That includes $400 million in cash and 23.1 million shares of Facebook stock. There’s also an additional $300 million potential earn-out in cash and stock based on “the achievement of certain milestones."

http://www.forbes.com/sites/brianso...virtual-reality-gaming-startup-for-2-billion/

What happened to:

The Rift is developed by a team of industry veterans passionate about changing the way people experience video games forever.

https://www.kickstarter.com/projects/1523379957/oculus-rift-step-into-the-game

"Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow,” Zuckerberg said in a statement. “Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate.

Oh well then...

 

[Space Monkey]

http://forums.overclockers.co.uk/showthread.php?t=18589263

 

[tommybhoy]

^

I thought it would be somewhere, but there was a fair few interested in the gfx section so I thought It would be useful.

 

[Orangey]

Funniest thing I've heard in ages. Oculus fanboys get on my nerves, for some quality comedy check out the wailing and gnashing of teeth here:

http://www.reddit.com/r/oculus

 

[tommybhoy]

Funniest thing I've heard in ages. Oculus fanboys get on my nerves, for some quality comedy check out the wailing and gnashing of teeth here:

http://www.reddit.com/r/oculus

Notch is beelin!

I did not chip in ten grand to seed a first investment round to build value for a Facebook acquisition

http://notch.net/2014/03/virtual-reality-is-going-to-change-the-world/