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Facebook Officially Owns Oculus Rift
Filed under: FACEBOOK, OCULUS RIFT

Facebook's $2 billion acquisition of Oculus VR, the company behind Oculus Rift, is now official. 

Facebook announced the plan for the purchase in March, which included $400 million in cash and 23.1 million shares of Facebook common stock (valued at $69.35 per share). Since this announcement, Zenimax has filed a lawsuit against John Carmack, co-founder of id and CTO for Oculus VR, claiming that Oculus couldn't have been made possible without "years of research and investment" by Zenimax when Carmack was still under their umbrella.

Despite this potential roadblock, the purchase has gone forward, and Oculus VR and their Rift headset are now part of Facebook's property.

[Source]





3 post(s)
Reader Comments
CJ_Parker Jul 22 2014, 11:53 am EDT
*officially pukes again*
Whisky Jul 22 2014, 05:51 pm EDT
I can't wait to officially own a Rift. And some HD POV porn.
Reaper Jul 23 2014, 02:40 am EDT
Hmm... Star Wars with VR....
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