Facebook Is Buying The Future of Virtual Reality - Oculus VR [VIDEO]
Mar 26, 2014 10:52
Facebook announced that it is buying Oculus VR for $2 billion. That's so random, isn't it? What does a social networking company want to do with a virtual reality one?
The social media giant announced the acquisition, citing the possibility of using it for communication, education and other things like entertainment.Mark Zuckerberg pitches the future of Oculus at Facebook this way:
But this is just the start. After games, we're going to make Oculus a platform for many other experiences. Imagine enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face — just by putting on goggles in your home.
This is really a new communication platform. By feeling truly present, you can share unbounded spaces and experiences with the people in your life. Imagine sharing not just moments with your friends online, but entire experiences and adventures.
The deal includes $400 million in cash along with $1.6 billion in stock. It's a small deal compared to what Facebook paid for Whatsapp.
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