Facebook Oculus Rift

Facebook snaps up Oculus Rift VR platform for $2bn


By John Glenday, Reporter

March 26, 2014 | 2 min read

Facebook has continued its spending spree by splashing out $2bn on the acquisition of Oculus, a VR platform which has been making waves with its Oculus Rift headset.

The move is set to shift the gaming-centric nature of the device toward that of a multimedia hub – with support for communications, media, entertainment (and of course Facebook) all built in.

Commenting on his new toy, Zuckerberg said: “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.

“This is really a new communication platform. By feeling truly present, you can share unbounded spaces and experiences with the people in your life. Imagine sharing not just moments with your friends online, but entire experiences and adventures.

“"We are getting ready for the platform of tomorrow. Oculus has the chance to be the most social experience ever."

The Oculus Rift features a high resolution wide angle display which immerses the wearer in whatever world it creates and is scheduled for launch in either late 2014 or early 2015.

Facebook Oculus Rift

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