News

Facebook to pick up Oculus Rift for a cool 2 billion USD

Deal to go through in Q2 of this year

Facebook has just made a play to dip their toe into the VR market by picking up Oculus Rift.

The social networking giant has sealed a deal for the VR headset developers for a combined cash and stock deal worth 2 billion USD.

Facebook founder and CEO Mark Zuckerberg 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." Facebook to pick up Oculus Rift for a cool 2 billion USD

The deal cost around 400 million USD and 23.1 million shares (currently trading at 64.10 USD) and is set to go through some time in the second quarter of this year.

Thanks GamesIndustry International.

PS4 Review
The Evil Within
Can Shinji Mikami's twisted new world revive the fortunes of triple-A survival horror?