Facebook acquiring Oculus for $2 billion by putting down $400 million in cash and 3.1 million shares of stock as well as another $300 million contingent on performance. The VR headset manufacturer that started life as a Kickstarter campaign for the Oculus Rift.
“Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow,” Facebook founder and CEO Mark Zuckerberg said in announcing the deal. “Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate.”
“After games, we’re going to make Oculus a platform for many other experiences,” Zuckerberg said. “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,” he continued. “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.”
On the Oculus press release, the management team said, “At first glance, it might not seem obvious why Oculus is partnering with Facebook, a company focused on connecting people, investing in internet access for the world and pushing an open computing platform. But when you consider it more carefully, we’re culturally aligned with a focus on innovating and hiring the best and brightest; we believe communication drives new platforms; we want to contribute to a more open, connected world; and we both see virtual reality as the next step.”
The Oculus Rift which hasn’t currently seen public release and is only available to developers for the virtual reality headset should see the acquisition close in the second quarter of the year.
Update: Markus “Notch” Persson has just Tweeted that a version of Minecraft was being discussed for the Oculus Rift but has now been cancelled as “Facebook creeps me out”.
We were in talks about maybe bringing a version of Minecraft to Oculus. I just cancelled that deal. Facebook creeps me out.
— Markus Persson (@notch) March 25, 2014