TRENDING NOW: 'Fleet of UFOs' caught on video emerging from dark side of the moon

Facebook's acquisition of Oculus VR is now official

Oculus VR is now officially owned by Facebook.

@anthony256
Published Tue, Jul 22 2014 12:42 AM CDT   |   Updated Tue, Nov 3 2020 12:15 PM CST

When Facebook announced it was acquiring Oculus VR back in March, it had the entire world up in arms - myself included. Time has passed, and those worries have all but died down, with the news that the acquisition is now final, with an update issued by both of the companies.

Facebook's acquisition of Oculus VR is now official | TweakTown.com

Facebook and Oculus VR said in a joint statement: "We're looking forward to an exciting future together, building the next computing platform and reimagining the way people communicate". Back in March, Facebook said it was going to acquire Oculus VR for $2 billion, in a deal that would include $400 million in cash, and 23.1 million shares in Facebook valued at $1.6 billion.

At the time, Mark Zuckerberg, the founder and CEO of Facebook said: "Mobile is the platform of today, and now we're also getting ready for the platforms of tomorrow. Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate". In April, the Federal Trade Commission approved the deal. Right now, people are waiting for their Development Kit 2 (DK2) units to arrive, sporting a 1080p low-persistence screen, and much more.

NEWS SOURCE:polygon.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles