Facebook to Acquire Oculus VR for 2 Billion Dollars

Facebook to Acquire Oculus VR for 2 Billion Dollars

Facebook just announced that they are buying Oculus VR, the makers of the Oculus Rift headset, for 2 billion dollars.

Apparently Facebook will pay $400 million in cash and 23.1 million shares of Facebook stock for the California based tech company.

Facebook founder and CEO, Mark Zuckerberg shared his excited on Facebook:

“Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow,”

Brendan Iribe, co-founder and CEO of Oculus VR is also pretty enthusiastic about how the Rift will connect people:

“We are excited to work with Mark and the Facebook team to deliver the very best virtual reality platform in the world. We believe virtual reality will be heavily defined by social experiences that connect people in magical, new ways. It is a transformative and disruptive technology, that enables the world to experience the impossible, and it’s only just the beginning.”

This acquisition has the potential to push the Oculus Rift past the realm of gaming and into awesomely uncharted waters.

We will keep you updated as more news breaks.