Facebook Finally got its hand on Oculus Rift : The Deal Closes at $2 Billion

Facebook has finally closed its deal to purchase Oculus VR, the virtual-reality-headset company, best known for its Oculus Rift gaming device, at a price of $2 billion. The deal actually formulated in the first quarter of the year, finally got its shape today. Mark Zuckerberg closes this helluva deal by paying $400m in cash plus 23.1m Facebook shares for the maker of the Oculus Rift headset, with a further $300m in incentives if it hits certain milestones in the future.

Essentially Rift is a wearable video-gaming device, But Facebook plans to use its technology for communications, media and other forms of entertainment. “Oculus has the potential to be the most social platform ever”, commented the young CEO of Facebook. He further added, “Imagine sharing not just moments with your friends online, but entire experiences and adventures.”  

While this deal rais a few eyebrows, what actually made Zuckerberg take the decision to buy a gaming platform; tech-gurus, on the other hand believe - virtual reality has the potential to be the next great computing evolution, following the transition from desktop computers to mobile devices.

Facebook agreed to let let Oculus continue to operate independently at its headquarters in Irvine, Calif. The Oculus Rift made its public debut at the 2012 Electronic Entertainment Expo, the video-game industry’s largest trade show. If sources are to be believed, Mr. Zuckerberg made his mind to buy the start-up, the first time he had a hand on the device.

In a status update, the social network king shared, "Virtual reality was once the dream of science fiction. But the internet was also once a dream, and so were computers and smartphones. The future is coming and we have a chance to build it together. I can't wait to start working with the whole team at Oculus to bring this future to the world, and to unlock new worlds for all of us."

More News ...