Facebook to buy virtual reality firm Oculus for $2bn
Barely a month after Facebook spent $19 billion on WhatsApp, the company on Wednesday announced that it was buying Oculus VR, a firm that was working on a virtual reality headset for video gamers.
For Oculus, Facebook is forking out around $2 billion. According to the company, “this includes $400 million in cash and 23.1 million shares of Facebook common stock.”
While Oculus VR has not yet shipped any product, for the last one and half years it has shown several prototypes that a video gamer can wear to change his or her field of view into a virtual 3D environment.
Zuckerberg hints that he does not consider Oculus as something that is strictly meant for gaming. Instead, he believes the virtual reality is the next technology platform. “Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow,” said Zuckerberg. “Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate.”