The Inquirer-Home

Facebook closes its controversial $2bn buyout of Oculus VR

Firms begin 'reimagining' things
Tue Jul 22 2014, 10:56
Oculus Rift hands on demo - side view on head

FACEBOOK'S BUYOUT OF OCULUS VR has closed with the parties releasing a joint statement about their "exciting future".

The $2bn deal was not welcomed by all when it was announced in March this year, and some developers that were working towards Oculus VR adoption cancelled those plans, citing a lack of trust in the social network.

While the initial press release from the two firms was one of excitement and possibility, for others it elicited a different response.

"We are excited to work with Mark and the Facebook team to deliver the very best virtual reality platform in the world," said Brendan Iribe, co-founder and CEO of Oculus VR.

"We were in talks about maybe bringing a version of Minecraft to Oculus. I just cancelled that deal," countered Marcus Persson of Minecraft. "Facebook creeps me out."

Others in the industry, including vocal Reddit users, were equally appalled, and many accused the one time Kickstarter darling of selling out.

"The issue is that Oculus have f****d us all by accepting Facebook's (ridiculous) offer," said one.

"Oculus was cool," added another. "Then it gets gobbled up by a company that represents the antithesis of all that optimism, a company whose business model revolves around banal sh*t and pushing annoying advertisements."

None of that bothers the two players in the $2bn marriage. They are still excited about the opportunities, and said so in a joint statement.

"We're looking forward to an exciting future together, building the next computing platform and reimagining the way people communicate," they said. µ


Share this:

blog comments powered by Disqus
Subscribe to INQ newsletters

Sign up for INQbot – a weekly roundup of the best from the INQ

INQ Poll

Happy new year!

What tech are you most looking forward to in 2015