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  • Facebook’s $2 Billion Acquisition Of Oculus Closes, Now Official

    Facebook’s $2 Billion Acquisition Of Oculus Closes, Now Official

    Facebook now owns Oculus. The $2 billion acquisition deal of the virtual reality pioneer announced in March has been approved by regulators and today become official. The FCC’s anti-trust team greenlighted the deal in April. Now it has passed the California Department Of Corporations fairness hearing and will go into effect. The exact price of the acquisition came out to $2,001,985,000. Read More

  • Facebook’s Oculus Buy Will Force A New Social Future

    Facebook’s Oculus Buy Will Force A New Social Future

    Some reacted to Facebook’s $2 billion acquisition of Oculus VR less than enthusiastically, but the announcement is one of the most exciting opportunities for the future of Social VR — a future where virtual reality will help build stronger online interactions through more expressive communication and shared experiences. Read More

  • What Games Are: Virtual Reality, We Hardly Knew You

    What Games Are: Virtual Reality, We Hardly Knew You

    It might be white hot news that Facebook dropped two-bils on buying in, or that Valve’s Michael Abrash has joined Oculus as chief scientist, but I suspect that this generation of virtual reality is already dead. Read More

  • Facebook Bought Oculus VR To Create The Metaverse, Or Why Angry Kickstarter Backers Need To Chill

    Facebook Bought Oculus VR To Create The Metaverse, Or Why Angry Kickstarter Backers Need To Chill

    There are many people out there who take a pessimistic view of Facebook. To them, Mark Zuckerberg is a huckster, out to sell us the snake oils of distraction and dopamine in exchange for our eyeballs and personal data. I take the more optimistic view. Read More

  • Facebook Denies NYT Claim It Will Rebrand Oculus With Its Logo And Interface

    Facebook Denies NYT Claim It Will Rebrand Oculus With Its Logo And Interface

    Facebook has officially denied a claim by a New York Times source saying the social network will plaster its logo and interface onto the hardware of its new $2 billion acquisition Oculus. The New York Times’ Nick Wingfield and Vindu Goel wrote¬†“According to a person involved in the deal who was not allowed to speak publicly because he was not authorized by either company… Read More

  • Blowback From The Rift

    Blowback From The Rift

    Sour grapes. In the era of multi-billion dollar acquisitions and high expectations, it’s easy to have them. But what has driven the mass outrage against Oculus and their sale to Facebook for a cool $2 billion? The endless fear of the sellout, the group or person or brand that catered to one market and then, sensing the end of the road, turned to the wide world and re-rigged itself for… Read More

  • Confirmed!

    Confirmed!

    In the realm of beautiful acquisition stories, someone posted on Reddit a month ago about a Mark Zuckerberg sighting at Oculus Rift’s offices. Today Facebook bought Oculus Rift for $2 billion. Read More

  • Facebook Buys A Virtual World

    Facebook Buys A Virtual World

    Today, in somewhat of a surprise move, Facebook purchased virtual reality company Oculus VR. The purchase elicited visceral reactions from people dismayed that Oculus sold out so early to snarky comments about what Facebook might do with it. Read More

  • Facebook’s $2B Oculus Deal Happened Over The Last Five Days

    Facebook’s $2B Oculus Deal Happened Over The Last Five Days

    Facebook’s deal to buy Oculus VR for $2 billion happened relatively quickly and the negotiations were hammered out over the last five days during the industry’s Game Developer Conference in San Francisco, according to sources familiar with the deal. Mark Zuckerberg had been by Oculus’s Southern California offices just once before to hang out earlier this year. He played with… Read More