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Facebook to Acquire Oculus VR for $2 billion

Discussion in 'BBS Hangout' started by RC Cola, Mar 25, 2014.

  1. RC Cola

    RC Cola Contributing Member

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  2. Brando2101

    Brando2101 Contributing Member

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    I'm sure there plan was to sell the company as soon as they got a good enough offer. There is no way they could get the kind of reach and distribution to make up for the millions and millions of cost they have had the last couple years. It also opens up a more steady cash infusion to development.

    I'm sure they were more nervous that Sony was going to roll out their product with an install base that is in the millions.


    From Mark Zuckerberg:
     
  3. Baba Booey

    Baba Booey Contributing Member

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  4. GanjaRocket

    GanjaRocket Member

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    virtual reality Facebook?

    lol
     
  5. what

    what Member

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    Really wow. This company just made 1.99 billion dollars. I exaggerate, but this kid just turned his hobby into a 2 billion dollar payday.

    Only in America.
     
  6. TheRealist137

    TheRealist137 Member

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    yep, Occulus Rift will be ruined by Facebook.

    At least Sony is entering the sector.
     
  7. Brando2101

    Brando2101 Contributing Member

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    Ruined? It isn't a thing yet. It hasn't been released. If they had a major plan for it then they would not have sold it. I really really think selling it was the plan from day 1. They just needed to get it far enough along.
     
  8. A_3PO

    A_3PO Member

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    IMO, selling is the plan from day 1 for the vast majority of tech startups.
     
    1 person likes this.
  9. shastarocket

    shastarocket Contributing Member

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    WOW!!!

    I assume most of this is in facebook stock?
     
  10. fallenphoenix

    fallenphoenix Contributing Member

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    interesting, didn't see this move coming.
     
  11. Cold Hard

    Cold Hard Member

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    I was stunned at first at this acquisition news.

    Now, the more I think about it, the more I suspect you are correct.

    It's also worth noting that the Oculus began as a Kickstarter project. I wonder how the original backers feel about this news.
     
  12. Salvy

    Salvy Member

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    Dang.. I had hopes Microsoft would buy Oculus as an FU to sony... Guess not.... :(
     
  13. Phillyrocket

    Phillyrocket Member

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    Yes Virtual Stalking!!!:p
     
  14. Dr of Dunk

    Dr of Dunk Clutch Crew

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    For old school gaming nuts, John Carmack of id/Doom fame is the CTO of Oculus VR. There are some really talented people working there.
     
    #14 Dr of Dunk, Mar 25, 2014
    Last edited: Mar 25, 2014
  15. KingCheetah

    KingCheetah Contributing Member

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    I'm starting to get an Enron feeling from Facebook.
     
  16. RC Cola

    RC Cola Contributing Member

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    Yeah, I don't know if I'm necessarily THAT surprised that Oculus wanted to get acquired, but I am surprised that Facebook wanted them (and that Oculus would sell to them I guess...sort of....I guess with $2B, I'm not that surprised). I think some might have figured they'd get bought out, but possibly by a gaming company. Valve, Sony, MS, maybe Nvidia/AMD, etc. With Facebook being in charge, I think people are now wondering what this means for VR and gaming. I doubt Facebook will change Oculus too much in the short-term, but their long-term strategy doesn't quite seem to align with what Oculus (or at least Oculus supporters) wanted.

    Yeah, Carmack seemed super stoked about VR a few years ago, and when I saw him leave iD for Oculus, it wasn't really that surprising. He seems really enthusiastic about this stuff.

    There are a couple of other talented people that joined Oculus as well, though their names escape me at the moment.
     
  17. DaDakota

    DaDakota If you want to know, just ask!

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    They need to acquire Star Citizen.

    :)

    DD
     
  18. fallenphoenix

    fallenphoenix Contributing Member

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    explain?
     
  19. KingCheetah

    KingCheetah Contributing Member

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    Not to get too specific, but ... mega-bubble ready to pop.
     
  20. REEKO_HTOWN

    REEKO_HTOWN I'm Rich Biiiiaaatch!

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    So you mean AOL.
     

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