{"id":8780,"date":"2014-03-26T11:08:10","date_gmt":"2014-03-26T11:08:10","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=8780"},"modified":"2014-03-26T11:08:10","modified_gmt":"2014-03-26T11:08:10","slug":"facebook-buys-virtual-reality-headset-start-up-for-2bn","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/03\/facebook-buys-virtual-reality-headset-start-up-for-2bn\/","title":{"rendered":"Facebook buys virtual reality headset start-up for $2bn"},"content":{"rendered":"
\"The<\/a>
The Oculus Rift headset sends an image of a game’s environment to screens placed directly over each eye<\/figcaption><\/figure>\n

Facebook has announced it will buy Oculus VR, a Californian company which specialises in virtual reality products, for around $2bn (\u00a31.2bn).<\/p>\n

The start-up’s flagship product, the Oculus Rift, is a goggle-like “immersive” headset for video gaming.<\/p>\n

It was developed with funds raised through crowdfunding site Kickstarter, and subsequent investment.<\/p>\n

Facebook’s boss, Mark Zuckerberg, said Oculus’ technologies could “change the way we work, play and communicate”.<\/p>\n

The Oculus Rift has yet to be released, but more than 75,000 orders for development kits have already been placed, according to the social media giant.<\/p>\n

In a statement released on Tuesday, Facebook said it plans to expand the use of Oculus technologies to include “communications, media and entertainment, education and other areas”.<\/p>\n

Oculus’ crowdfunding campaign raised $2.4m (\u00a31.5m), 10 times the amount originally sought.<\/p>\n

It subsequently received a further $75m from investors.<\/p>\n

The Rift headset was widely heralded at the CES technology show in Las Vegas in January, where Sony also announced a rival product.<\/p>\n

The deal includes $400m in cash and just over 23 million Facebook shares, valued at $1.6bn.<\/p>\n

Oculus employees will also receive an additional $300m if the company achieves certain targets.<\/p>\n

Commenting on the deal, Mr Zuckerberg said: “Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow.”<\/p>\n

It is the latest purchase for Facebook, which last month spent $19bn on mobile messaging platform WhatsApp.<\/p>\n

 <\/p>\n

Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"

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