facebook
twitter
rss
account
search
search
 

Facebook buys virtual reality company Oculus for $2 billion

Oculus VR makes virtual-reality headsets for gamers.
By Kate Stanton   |   March 25, 2014 at 8:32 PM   |   Comments

March 25 (UPI) -- After buying WhatsApp for $16 billion last month, Facebook continued its spending spree on Tuesday.

The social-networking giant said it brokered a deal to buy Oculus VR, a startup that makes virtual-reality headsets, for $2 billion.

Facebook CEO Mark Zuckerberg said in a post to his Facebook page that he sees immersive, 3D communication as the future of social networking.

"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," he wrote.

"This is really a new communication platform," Zuckerberg added. "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."

“We are excited to work with Mark and the Facebook team to deliver the very best virtual reality platform in the world,” said Oculus VR CEO and co-founder Brendan Iribe. “We believe virtual reality will be heavily defined by social experiences that connect people in magical, new ways. It is a transformative and disruptive technology, that enables the world to experience the impossible, and it’s only just the beginning.”

Oculus VR makes the Oculus Rift headset, and will continue to do so from its headquarters in Irvine, Calif. The devise has yet to ship out to consumers.

[Facebook, USA Today, Wired]

Follow @KateStan and @UPI on Twitter.
Contact the Author
© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
U.S. Air Force orders more RQ-4 Global Hawks U.S. Air Force orders more RQ-4 Global Hawks
2
Kirsten Gillibrand: I don't know who called me 'porky' Kirsten Gillibrand: I don't know who called me 'porky'
3
Potential sites for Obama's presidential library and museum chosen Potential sites for Obama's presidential library and museum chosen
4
Plane crash in Vinoy Park narrowly misses St. Pete condos Plane crash in Vinoy Park narrowly misses St. Pete condos
5
Official: U.S. hits Islamic State position near Baghdad; marking new phase in airstrikes Official: U.S. hits Islamic State position near Baghdad; marking new phase in airstrikes
Trending News
Video
x
Feedback