Facebook Buys Oculus Rift Maker

Zuckerberg's company paying $2b for virtual reality company

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Facebook Buys Oculus Rift Maker
Facebook founder Maker Zuckerberg has announced that his company has bought Oculus VR, the maker of the Oculus Rift virtual reality headset.

Zuckerberg's plans for the new acquisition are ambitious and go beyond the current gaming focus. He states, "Immersive gaming will be the first, and Oculus already has big plans here that won't be changing and we hope to accelerate. The Rift is highly anticipated by the gaming community, and there's a lot of interest from developers in building for this platform. We're going to focus on helping Oculus build out their product and develop partnerships to support more games. Oculus will continue operating independently within Facebook to achieve this.

"But this is just the start. 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."

According to BusinessInsider the deal is estimated to be in the region of $2Billion.

Read the full Zuckerberg statement here.
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