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Facebook Plugs-into Oculus VR

Posted: March 26th, 2014 | Author: | Filed under: Facebook, Hardware, Technoid Computer News | Tags: , , , , , , | Comments Off on Facebook Plugs-into Oculus VR

Facebook Plugs-into Oculus VRFacebook has announced it’s buying virtual reality specialist Oculus for about $US2 billion in cash and shares.

The social media behemoth said it would build on Oculus’s technology, particularly its virtual reality headset aimed at gamers, and seek to develop the technology for other areas such as communications, education, and entertainment.

The deal will see Oculus shareholders receive $US400 million in cash plus 23.1 million Facebook shares in the deal. Facebook called hailed Oculus as the leader in immersive virtual reality technology, with a strong following among developers.

The company has already garnered more than 75,000 orders for the $350 Oculus Rift headset development kits :: Read the full article »»»»