Facebook buys Oculus VR for $2 billion in cash and stock.

Facebook buys Oculus VR for $2 billion in cash and stock

Facebook made an official announcement late last night (March 25, 2022), announcing that it was buying Oculus VR, the maker of the now-famous Oculus Rift goggles. The announcement came as a big surprise and stirred up a lot of emotions – some are excitedly waiting for the development, others are afraid for their privacy and the security of their data.
Oculus VR is a company that specializes in creating virtual reality, proposing m.in. Unique gaming solutions that make us feel like we are right in the center of the action. Facebook will pay $2 billion for Oculus – $400 million in cash and 23.1 million shares valued at 1.$6 billion.

The social potential of virtual reality

Oculus made a name for itself with its Oculus Rift goggles, which are hugely popular and in demand. Created to simulate computer games, it is also proving to have potential in communications, media and entertainment, or at least that’s the potential Facebook’s founder sees in them, Mark Zuckerberg. In its own words, Mobility is the platform of the present, and now we are also preparing to use the platforms of the future. Oculus has the potential to create the most social platform of all time and change the way we work, play and communicate. Zuckerberg’s words sound quite mysterious and don’t offer any ready-made solutions, but we are very curious to see how Facebook will develop the usability and application of Oculus.

Co-founder and CEO of Oculus VR, Brendan Iribe, stated that the company is very excited about the collaboration with the Facebook team, which will result in a world’s best virtual reality platform.