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Facebook Buying Oculus Rift VR for $2 Billion

Jack Gardner



Wow, well, Facebook has decided to back the Oculus Rift by straight up buying the company with a mountain of money.


Going from a very successful Kickstarter that raised nearly $2.5 million to being a company that was bought out for $400 million, plus $1.6 billion in Facebook stock is probably the biggest financial gain to come out of the Kickstarter video game revolution. Those are staggering numbers, even if you factor in the substantial private support that Oculus Rift VR had received.


It would appear that people, or at the very least people in places of authority at companies like Sony and Facebook, think that the world is ready for virtual reality. "Mobile is the platform of today, and now we're also getting ready for the platforms of tomorrow," said Facebook founder and CEO, Mark Zuckerberg. "Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate."


"We are excited to work with Mark and the Facebook team to deliver the very best virtual reality platform in the world," said Brendan Iribe, co-founder and CEO of Oculus VR. "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 next generation of video games has only just begun and already the industry has thrown a huge curve ball at us. Who would have guessed even a few weeks ago that the biggest impending rivalry wouldn't be between likes of Nintendo, Microsoft, and Sony, but would instead pit Sony against the social gaming juggernaut of Facebook?


With titles like EVE: Valkyrie already slated for Oculus and an upcoming competitor with Sony's Project Morpheus, what do you all think of this turn of events for the VR landscape?

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