Tuesday, 06 December 2016

Facebook splashes $2bn on virtual reality firm Oculus

By Nick Wood, Total Telecom
Wednesday 26 March 14

CEO Zuckerberg says acquisition will change the way the world communicates, but not everyone is happy.

Facebook's spending spree continued late Tuesday with the announcement that it has agreed to acquire virtual reality specialist Oculus VR for $2 billion. Oculus makes a virtual reality headset called the Oculus Rift that creates an extremely immersive video-gaming experience. What began as a prototype gained serious momentum following a wildly successful Kickstarter funding campaign. However, while Oculus has received orders for 75…

Facebook's spending spree continued late Tuesday with the announcement that it has agreed to acquire virtual reality specialist Oculus VR for $2 billion. Oculus makes a virtual reality headset called the Oculus Rift that creates an extremely immersive video-gaming experience. What began as a prototype gained serious momentum following a wildly successful Kickstarter funding campaign. However, while Oculus has received orders for 75…

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