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Old 03-25-2014, 06:14 PM   #1
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The VR Dream Dies: Facebook to Acquire Oculus VR for $2 Billion

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Facebook is buying Oculus VR, a startup that makes virtual reality headsets, in a $2 billion deal.
Oculus doesn't make a consumer product yet, but its headset called the Oculus Rift for video game developers has completely changed the way many feel about video games.

The device is nearly impossible to describe. It makes you feel like you're truly immersed in a virtual environment. It's one of those things you have to try to fully understand. And we guarantee it'll blow your mind.

The question now is: why would Facebook buy a video game hardware company?

According to a statement from CEO Mark Zuckerberg, the company plans to expand Oculus beyond gaming:

After games, we're going to make Oculus a platform for many other experiences. Imagine enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face -- just by putting on goggles in your home.

Oculus got its start on crowdfunding site Kickstarter, where it raised $2.4 million in 2012. Since then, other VCs have invested in the company. Most recently, Oculus raised $75 million in a round led by Andreessen Horowitz. Marc Andreessen, a partner at Andreessen Horowitz and a Facebook board member, tweeted today that he recused himself from acquisition talks between Facebook and Oculus VR.

By the way, this isn't Facebook's only recent major acquisition. Just a few weeks ago, Facebook bought WhatsApp in a $19 billion deal.

Read more: http://www.businessinsider.com/faceb...#ixzz2x0zhqmA0

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Old 03-25-2014, 06:15 PM   #2
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Oh God they're going to turn it into a social platform.
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Old 03-25-2014, 06:30 PM   #3
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Quote:
Originally Posted by Konata View Post
Oh God they're going to turn it into a social platform.
Grossss.


The plans they have don't sound that bad, but things don't always go according to plan.
But then again, what's the point in turning gaming hardware into more than just that? We have loads of other hardware that we can use for those things.
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Last edited by JemStar; 03-25-2014 at 06:35 PM. Reason: more info ha lol
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Old 03-25-2014, 06:33 PM   #4
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Well that's one way to butcher promising gaming tech

UPDATE:
btw they just cancelled Oculus Minecraft as soon as this was announced
http://www.ign.com/articles/2014/03/...1469a542000046
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Old 03-25-2014, 06:37 PM   #5
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To tell you the truth, I like the idea. Since the unveiling of the PlayStation virtual reality headset, I've been worried about where the Occlus was going to fit in, since they didn't have a massive library of games and were relying on the willpower of modders. This sort of puts Oculus in a league of its own, and with Facebook's funding and advertising, it could possibly be marketed and received even better.
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Old 03-25-2014, 06:39 PM   #6
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Quote:
Originally Posted by Megas75 View Post
UPDATE:
btw they just cancelled Oculus Minecraft as soon as this was announced
http://www.ign.com/articles/2014/03/...1469a542000046
Wow. That sucks. "Facebook creeps me out" Okay, Notch, okay.
Looks like this is another piece of gaming hardware that's going to end up being used for other purposes instead.
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Old 03-25-2014, 06:58 PM   #7
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I don't understand how this kills the oculus rift. You guys must be silly thinking VR was only going to start and stop at video games. It was going to expand into this stuff, bought by facebook or not. He also did say it'll happen after games anyway, meaning they prob won't interfere with it much until they see it being popular in the first place.
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Old 03-25-2014, 09:41 PM   #8
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Old 03-25-2014, 09:54 PM   #9
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Old 03-25-2014, 11:16 PM   #10
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Quote:
Originally Posted by Pokeman View Post
I don't understand how this kills the oculus rift. You guys must be silly thinking VR was only going to start and stop at video games. It was going to expand into this stuff, bought by facebook or not. He also did say it'll happen after games anyway, meaning they prob won't interfere with it much until they see it being popular in the first place.
Because Facebook is going to turn this into a metadata collection machine by showing you interactive ads by 'putting you in the courtside seat at your favorite basketball game, only on ESPN Oculus!' Or sit on the tech and use Oculus as a sockpuppet metadata collection company. Pick your poison, because either way this is gonna set VR gaming back for several more years.
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