Jump to content


Facebook Buys Oculus Rift For $2 Billion

facebook oculus rift vr mark zuckerberg palmer luckey john carmack

  • Please log in to reply
143 replies to this topic

#1 Andrew


    Neowinian Senior

  • 25,858 posts
  • Joined: 14-September 03

Posted 25 March 2014 - 21:40

Facebook has just announced that it's buying Oculus Rift for $2 billion. Seriously.


"Mobile is the platform of today, and now we're also getting ready for the platforms of tomorrow," Facebook founder and CEO Mark Zuckerberg says. "Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate."


Oculus are equally chuffed. "We are excited to work with Mark and the Facebook team to deliver the very best virtual reality platform in the world," Brendan Iribe, co-founder and CEO of Oculus VR says in a PR release. "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."


The deal is made up of around $400 million in cash payouts, with the rest being made up of Facebook shares. It's not a done deal yet; it's expected to be finalised in Q2 2014





Palmer Luckey on Reddit:


I’ve always loved games. They’re windows into worlds that let us travel somewhere fantastic. My foray into virtual reality was driven by a desire to enhance my gaming experience; to make my rig more than just a window to these worlds, to actually let me step inside them. As time went on, I realized that VR technology wasn’t just possible, it was almost ready to move into the mainstream. All it needed was the right push.
We started Oculus VR with the vision of making virtual reality affordable and accessible, to allow everyone to experience the impossible. With the help of an incredible community, we’ve received orders for over 75,000 development kits from game developers, content creators, and artists around the world. When Facebook first approached us about partnering, I was skeptical. 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. Facebook was founded with the vision of making the world a more connected place. Virtual reality is a medium that allows us to share experiences with others in ways that were never before possible.
Facebook is run in an open way that’s aligned with Oculus’ culture. Over the last decade, Mark and Facebook have been champions of open software and hardware, pushing the envelope of innovation for the entire tech industry. As Facebook has grown, they’ve continued to invest in efforts like with the Open Compute Project, their initiative that aims to drive innovation and reduce the cost of computing infrastructure across the industry. This is a team that’s used to making bold bets on the future.
In the end, I kept coming back to a question we always ask ourselves every day at Oculus: what’s best for the future of virtual reality? Partnering with Mark and the Facebook team is a unique and powerful opportunity. The partnership accelerates our vision, allows us to execute on some of our most creative ideas and take risks that were otherwise impossible. Most importantly, it means a better Oculus Rift with fewer compromises even faster than we anticipated.
Very little changes day-to-day at Oculus, although we’ll have substantially more resources to build the right team. If you want to come work on these hard problems in computer vision, graphics, input, and audio, please apply!
This is a special moment for the gaming industry — Oculus’ somewhat unpredictable future just became crystal clear: virtual reality is coming, and it’s going to change the way we play games forever.
I’m obsessed with VR. I spend every day pushing further, and every night dreaming of where we are going. Even in my wildest dreams, I never imagined we’d come so far so fast.
I’m proud to be a member of this community — thank you all for carrying virtual reality and gaming forward and trusting in us to deliver. We won’t let you down. 




Interest in OR instantly killed for me.

#2 Shadrack


    Neowinian Senior

  • 15,532 posts
  • Joined: 20-December 01

Posted 25 March 2014 - 21:45

OMG!  The terror!  So John Carmack now works for Facebook.  FML.

#3 Boz


    Neowinian Senior

  • 7,492 posts
  • Joined: 21-October 03

Posted 25 March 2014 - 21:47

Wow.. didn't see this one coming. Facebook is on a shopping spree.





#4 soniqstylz


    Neowin Trophy Slore

  • 9,111 posts
  • Joined: 30-September 06
  • Location: In your panty drawer

Posted 25 March 2014 - 21:48

Oh yeah.  VR versions of Candy Crush and Farmville.

#5 DaveGreen93



  • 331 posts
  • Joined: 24-March 12
  • Location: Forest of Dean, UK
  • OS: Windows 8.1 Pro
  • Phone: Nokia Lumia 920

Posted 25 March 2014 - 21:49

Are you kidding?!

#6 Descartes



  • 1,377 posts
  • Joined: 29-November 08
  • Location: Poland

Posted 25 March 2014 - 21:50


#7 Athernar



  • 3,137 posts
  • Joined: 15-December 04

Posted 25 March 2014 - 21:51

This acquisition makes absolutely zero sense to me.


Oh well, maybe this might tempt Carmack to leave Oculus for Valve. Having Mike Abrash and Carmack under the same roof again would be legendary.

#8 +Majesticmerc


    Resident Idealist

  • 6,220 posts
  • Joined: 24-August 05
  • Location: United Kingdom
  • OS: Arch Linux / Win 7
  • Phone: HTC One X

Posted 25 March 2014 - 21:52

What?! NO!

#9 Lord Method Man

Lord Method Man


  • 3,758 posts
  • Joined: 18-September 12

Posted 25 March 2014 - 21:53

And now Oculus Rift can die in a miserable fire.

#10 Jason S.

Jason S.

    Neowinian Senior

  • 12,380 posts
  • Joined: 01-September 03
  • Location: Cleveland, Ohio

Posted 25 March 2014 - 21:55

i cant wait until the tech bubble bursts... all of them come crashing down! :|


Every tech company getting snatched up these days are HIGHLY overvalued.

#11 SlimShady



  • 202 posts
  • Joined: 22-November 02

Posted 25 March 2014 - 21:56

Well... I'm gonna go full Sony on this one.

#12 D. S.

D. S.

    Hate is the new Love

  • 3,382 posts
  • Joined: 15-June 04
  • Location: Portugal
  • OS: Windows 7 Ultimate x64
  • Phone: Nokia 113

Posted 25 March 2014 - 22:01

2 billion? I don't know Facebook's CFO is on but I want some of that PRONTO!


I wonder if they're buying it just to bury it or to get advantageous patents.

#13 The_Observer


    Apples, Bananas, Rhinoceros!

  • 4,232 posts
  • Joined: 12-April 05
  • Location: New Zealand
  • OS: OS X 10.9
  • Phone: iPhone5s

Posted 25 March 2014 - 22:01

WTF, ok im hoping they die! Well not the people but the product!

#14 Brendeth



  • 560 posts
  • Joined: 10-March 10
  • Location: Qld, Australia

Posted 25 March 2014 - 22:08

who knows maybe Facebook will pump money into them and provide with some support to achieve their goals......... or more likely we'll get a VR facebook with 1080p ads galore!

#15 Kalint


    Neowinian Senior

  • 1,896 posts
  • Joined: 16-January 07

Posted 25 March 2014 - 22:09

This is a disaster!