Oculus VR Is Now Officially Owned by Facebook

Remember when the internet went crazy back in march because Facebook decided to splash out on Oculus VR for a hefty $2 billion? Well you should because it was pretty big news! Facebook paid Oculus VR $2 billion in two ways, a chunk of $400 million in cash and the other as 23.1 million shares of Facebook valued at $1.6 billion .The process of Oculus VR being acquired by Facebook is now complete and they own everything, which is either really good or really really bad.

“We’re looking forward to an exciting future together, building the next computing platform and re-imagining the way people communicate”.

That was a joint statement from Oculus VR and Facebook, lets just hope Facebook don’t mess this up and ruin everything with such a unique and game changing product.

“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”

Mark Zuckerberg said that back in March just after he made the offer to Oculus VR. 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.

Thanks to TweakTown for providing us with this information

Image courtesy of TweakTown.