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 […]
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 […]
25 Mar
Facebook has announced that is is acquiring Oculus VR for $2 billion. The deal will see Facebook pay $400 million in cash with the remainder made up of 23.1 million shares of stock valued at $1.6 billion. “Facebook plans to extend Oculus’ existing advantage in gaming to new verticals, including communications, media and entertainment, education […]