22 Jul
Facebook’s acquisition of Oculus VR has officially closed today, the two companies have announced. “We’re looking forward to an exciting future together, building the next computing platform and reimagining the way people communicate,” the companies said in a joint statement. Facebook announced its plan to acquire Oculus VR in March for $2 billion, including $400 […]
25 Jun
After being purchased by Facebook earlier this year, Oculus has made its own acquisition of the Carbon Design Group. The group, which partnered with Microsoft on the design of the Xbox 360 controller, will become part of the Oculus product engineering team. It will continue to operate from its Seattle studio, and will also work […]
12 Jun
Speaking to Ars Technica, Oculus CEO Brendan Irebe has confirmed that the consumer version of the Oculus Rift headset will cost less thanks to Facebook’s recent acquisition of the company. “I think [the buyout] is going to allow us to deliver consumer V1 at a lower cost, because we’re not trying to drive a high […]
24 Apr
The Federal Trade Commission has approved Facebook’s $2 billion acquisition of Oculus, Reuters reports. Facebook first announced the deal to acquire Oculus last month. The agreement will see Facebook pay $400 million in cash, along with 23.1 million in shares for a total of about $2 billion. “Mobile is the platform of today, and now […]