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 […]
11 Mar
Former lead engineer on Valve’s virtual reality project, Atman Binstock, has joined Oculus VR as its new chief architect, the company has announced. Binstock will lead the new Oculus R&D team based in Seattle and their search for “exceptional engineers” interested in the research and development of the “future of virtual reality”. “Just over two […]
20 Dec
Oculus VR has announced that former Electronic Arts executive David De Martini has joined the company as the head of worldwide publishing. “What I’m doing at Oculus, it’s not particularly different from what I did for seven years at EA as part of the EA Partners program,” De Martini told Gamasutra, in part. “I’m figuring […]
22 Nov
Co-founder and technical director at id Software, John Carmack, has resigned from the company to work full-time at Oculus VR as chief technical officer. “John Carmack, who has become interested in focusing on things other than game development at id, has resigned from the studio,” id Software studio director Tim Willits said in a statement. […]