Facebook acquires Oculus Rift VR headset firm for $2bn

Charlee Gothard
clock • 3 min read

"After games, we're going to make Oculus a platform for many other experiences" says Zuckerberg

Facebook has announced it is acquiring Oculus VR, maker of the Rift virtual reality headset, for $2bn in cash and stock. In a posting on his site tonight, Facebook founder and CEO Mark Zuckerber...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Facebook and Instagram down across the world

Social Networking

Facebook and Instagram are both down for many users around the world.

clock 05 March 2024 • 1 min read
Meta faces $596 million Spanish lawsuit for GDPR violation

Law

The giant also faces further reputational damage in the US, as an academic claims that Meta used its financial heft to block her constitutional right to free speech

clock 05 December 2023 • 2 min read
33 US states sue Meta over youth mental health crisis 

Legislation and Regulation

They accuse the company of putting profit ahead of safety 

clock 25 October 2023 • 2 min read

More on Gadgets

IT Essentials: Searching for a purpose

IT Essentials: Searching for a purpose

Can Apple crack the VR nut?

Tom Allen
clock 22 January 2024 • 2 min read
Apple forced to cut production plans for Vision Pro headset, report

Apple forced to cut production plans for Vision Pro headset, report

Apple had projected sales of one million units for the first year, but the real number is now expected to be less that half of that figure

clock 03 July 2023 • 3 min read
Apple unveils Vision Pro AR headset

Apple unveils Vision Pro AR headset

Starting at $3,499, the headset will be available early next year in the US

clock 06 June 2023 • 5 min read