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Facebook Is Buying Oculus Rift, The Greatest Leap Forward In Virtual Reality, For $US2 Billion

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STEVE KOVACH
Business Insider
March 26, 2014

Facebook is buying Oculus VR, a startup that makes virtual reality headsets, in a $2 billion deal.

Oculus doesn’t make a consumer product yet, but its headset called the Oculus Rift for video game developers has completely changed the way many feel about video games.

The device is nearly impossible to describe. It makes you feel like you’re truly immersed in a virtual environment. It’s one of those things you have to try to fully understand. And we guarantee it’ll blow your mind.

Console gaming companies have sensed the threat of Oculus, which is why Sony announced a similar headset for its new PlayStation 4 gaming console. However, it’s unclear when Sony’s headset will launch.

The question now is: why would Facebook buy a video game hardware company?

According to a statement from CEO Mark Zuckerberg, the company plans to expand Oculus beyond gaming:

After games, we’re going to make Oculus a platform for many other experiences. Imagine enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face — just by putting on goggles in your home.

Full article here

This article was posted: Wednesday, March 26, 2014 at 6:32 am





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