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2014-07-22T10:06:15Z
Whether you’re disgusted by the prospect of Facebook owning an exciting grassroots-type product like the Oculus Rift or believe, like John Carmack and Michael Abrash, that combining Facebook’ big moneybags with Oculus’ know-how will make possible all the promise of VR technology, Facebook’s blockbuster deal to acquire Oculus VR is now complete.

Several months in the making, the $2 billion deal which included $400 million in cash has cleared all regulatory and practical hurdles. In a joint statement, Facebook and Oculus said, “We’re looking forward to an exciting future together, building the next computing platform and reimagining the way people communicate.”

Oculus Rift DK2

Since the acquisition first became public, Oculus has attracted industry veterans and other talent such as Google Glass’ lead engineer and the Carbon Design group that made the Xbox 360 controller.

Ostensibly, Oculus will continue to operate independently at its current offices.
RobertClarke
2014-07-22T11:59:08Z

Cool, now no one has to worry about oculus running out of money or going bankrupt.

JohnCathcart
2014-07-22T12:05:40Z

This is fantastic news. The'll be able to complete the production model with their own hardware and start producing them for sale to the public soon! I've heard they're going to be selling them at cost. :D

JMeloni
2014-07-22T12:09:28Z

Luckily I was able to get my money back right when the deal was done.

KristjanKriman
2014-07-22T12:15:15Z
AustinCurran
2014-07-22T12:21:07Z

If facebook is known for anything. its their [censored]hardware

JohnCathcart
2014-07-22T12:42:38Z

"Facebook" isn't getting "hands on" with Oculus VR and has been very clear about that. Oculus is developing their own hardware now instead of relying on already existing (mostly smart-phone) hardware because they couldn't afford to develop their own custom hardware before. Which means the production model is going to be far better than it would have been previously.The Facebook buyout is making that possible by infusing Oculus VR with an enormous amount of development capital.

Of course you can ignore all that information I just gave you and keep being a sarcastic cuss if you like.

ThomasTaege
2014-07-22T12:52:18Z

I think it's cool that Facebook acquired the company basically just to fund something that they believe in. They just want to make sure the funds are there to make it happen, not to take over and ruin it. I'm excited to see where this leads.

xXxDOYLExXx
2014-07-22T13:17:45Z

Good, now it will actually see the light of day to the mass consumer market.

RShamik
2014-07-22T13:20:11Z

And so it begins

https://www.youtube.com/watch?v=IsLwVoZqEjk

MarcGauvin
2014-07-22T17:14:42Z

So the brainwashing can start !

ECouts
2014-07-23T00:11:16Z

Aww crap! Just as I was thinking about buying one too. >_>

MADSKILLZ412
2014-07-24T18:49:51Z

I'm Really excited about the oculus rift. I think it has potential to be a big part of the future of gaming. Imagine playing triple A games such as Battlefield 4, Call of duty, Mirrors Edge, etc. with oculus rift support. It would be an unforgettable experience,