Facebook buys visual reality gaming firm Oculus
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E-mail China.org.cn, March 28, 2014
Facebook has bought startup Oculus VR, which makes the world's first really viable virtual reality headset, for US$2 billion, CEO Mark Zuckerberg made an announcement two days ago in his facebook page.
![The Oculus Rift is a new virtual reality headset that lets players step inside their favorite games and virtual worlds. [chinabyte.com]](http://images.china.cn/attachement/jpg/site1007/20140328/00016c42b25a149f219e0b.jpg "The Oculus Rift is a new virtual reality headset that lets players step inside their favorite games and virtual worlds. [chinabyte.com]") |
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The Oculus Rift is a new virtual reality headset that lets players step inside their favorite games and virtual worlds. [chinabyte.com] |
The Oculus Rift is a new virtual reality headset that lets players step inside their favorite games and virtual worlds.
"The incredible thing about the technology is that you feel like you're actually present in another place with other people. People who try it say it's different from anything they've ever experienced in their lives," Zuckerberg said in the statement.
He believed that Oculus' technologies could "change the way we work, play and communicate."
Oculus VR will be bought for about US$2 billion, US$1.6 billion in 23.1m shares of Facebook common stock and the possibility of US$300 million extra "on the achievement of certain milestones."
Oculus VR was developed with funds raised through crowdfunding site Kickstarter, and subsequent investment.
The acquisition has triggered a mixture of surprise. Many of the product's early backers returned to the fund-raising page to give their opinions on the buyout.
User Drew Madson wrote: "I backed this concept in the hopes they'd make something wonderful. Sadly all they did was making themselves wonderfully rich."
Brendan Iribe, Co-founder and CEO of Oculus VR, said they discovered "the two teams shared an even deeper vision of creating a new platform for interaction that allows billions of people to connect in a way never before possible."
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