Facebook to buy Oculus VR for $2 billion


Ready for a mandatory Facebook account in order to experience the power of virtual reality? Or, as several wry wits noted, you now live in a world in which John Carmack works for Facebook. Welcome to the future!

The Business Insider is reporting that Facebook intends to buy Oculus VR — the company behind the incredible Oculus Rift — for a grand total of $2 billion ($400 million cash and 21.3 million shares in Facebook to the current approximate value of $1.6 billion). Mark Zuckerberg, Facebook CEO, states that, “this is really a new communication platform. By feeling truly present, you can share unbounded spaces and experiences with the people in your life. Imagine sharing not just moments with your friends online, but entire experiences and adventures.”

Or, you know, reposts from 9GAG and Snopes-worthy chain emails experienced in stereoscopic 3D. The possibilities are endless!

Oh man, they knew! (Source)
Oh man… they knew. (Source)

Palmer Luckey, co-founder of the Rift, stated that while he was “sceptical” about the partnership, it apparently was the right choice. “When Facebook first approached us about partnering, I was sceptical. As I learned more about the company and its vision and spoke with Mark, the partnership not only made sense, but became the clear and obvious path to delivering virtual reality to everyone,” he continues.

I’m not sure how I feel about the acquisition. On the one hand, that’s a lot of money that can hopefully be ploughed into development. On the other, Facebook’s “vision”, as Luckey describes, isn’t exactly a picture of clarity. Facebook hasn’t exactly done gaming any favours, and has questionable practices with relation to the collection of personal information.

Several gaming luminaries have chimed in, including Markus Persson (better known as Notch) of Minecraft fame, who was developing a lightweight version of the game for the platform.

Similarly, Leigh Alexander, well-known gaming journalist, made several observations in a series of Tweets that while Kickstarter isn’t an “investment” platform, it does seem as though the early backers of the Oculus will see little value from their input — shouldering all the downsides of investment (such as project failures and non-delivery) with none of the long-term rewards (such as, you know, a share in $2 billion and a say in its direction) — while Silicon Valley reaps the benefits. She also questioned the potential impact on its design, stating that the Oculus isn’t consumer-friendly and may change for the worst given the need for greater acceptance.

What’s your thoughts? Aye or nay to Facebook’s involvement?

Source: Facebook
Via: Business Insider