Last updated: December 28, 2014



Facebook buys virtual reality company Oculus for $2 billion

Oculus Rift the future of gaming? 8:00

Can gadgets like Oculus Rift breathe new life into gaming hardware? Oculus VR CEO Brendan Iribe demoed the headset to the crowd at D: Dive Into Media.

The Oculus Rift could change how we play video games.

The Oculus Rift could change how we play video games. Source: AP

FACEBOOK has just announced that it is buying Oculus, a virtual reality technology company, for about $2 billion in cash and shares.

Facebook said it would build on Oculus’ technology, including a virtual reality headset aimed at gamers, seeking to use it in other areas such as communications, education, and entertainment.




The headset has been praised with for its ability to bring gamers into the gaming world like never before, immersing players by making the screen the only thing they can see, and using headtracking technology to make you feel like you are the character you’re playing.


“Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow,” Facebook chief executive Mark Zuckerberg said in a statement.


Like any tech announcement though, the internet was quick to respond in hilarity.