The argument for Oculus to push forward and usher in new forms of communication certainly isn't new, but with a company like Facebook behind it definitely legitimizes it...
And also makes it suddenly incredibly scary...
Facebook acquires Oculus VR
41–50 of 871 posts
Re: Facebook acquires Oculus VR
#42Guess this is now the most successful kickstarter ever.
Re: Facebook acquires Oculus VR
#43No part of this acquisition makes sense. I just hope that the product doesn't disappear without a trace after a write-down in a couple of years.
Re: Facebook acquires Oculus VR
#44Double checking its not April 1...
Really wonder what vision FB sold them.
Re: Facebook acquires Oculus VR
#45More details at http://www.prnewswire.com/news-releases/facebook-to-acquire-...
"... for a total of approximately $2 billion. This includes $400 million in cash and 23.1 million shares of Facebook common stock (valued at $1.6 billion based on the average closing price of the 20 trading days preceding March 21, 2014 of $69.35 per share). The agreement also provides for an additional $300 million earn-out in cash and stock based on the achievement of certain milestones."
Re: Facebook acquires Oculus VR
#46What's with the negativity? What exactly do you think will happen that's so bad?
Re: Facebook acquires Oculus VR
#47Interesting... Is this a play against Google Glass ? I'm not sure how Facebook could benefit from Oculus VR unless they're starting a completely unrelated business (never mind what Zuckerberg says in the post).
Well, if Google's going to be a robotics and AI company, it's not irrational for Facebook to go into telepresence as a kind of next-gen communications property. They've got the cash to go big, and their dependence on a single, easily-substituted service as their source of revenue is about as big an Achilles' heel as any company can have.
Re: Facebook acquires Oculus VR
#48Damn! I don't like this.
I had hoped they jump in bed with valve.
Yes, I just really dislike facebook, so I hate to see them aquiring something i was really excited about.
Also from the article:
> After games, we're going to make Oculus a platform for many other experiences. 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.
Nah, I'd rather not, thank you. I prefer to actually visit my doctor where facebook doesn't get all the data about it.
Re: Facebook acquires Oculus VR
#49Couldn't turn down $2 billion :)
Are you guessing the price or did you read it somewhere?
"... for a total of approximately $2 billion. This includes $400 million in cash and 23.1 million shares of Facebook common stock (valued at $1.6 billion based on the average closing price of the 20 trading days preceding March 21, 2014 of $69.35 per share). The agreement also provides for an additional $300 million earn-out in cash and stock based on the achievement of certain milestones."
http://www.prnewswire.com/news-releases/facebook-to-acquire-...
Re: Facebook acquires Oculus VR
#50From Facebook investor relations, looks like the price was $2B, $400MM cash, $1.6 stock, with options on $300MM more.
> Facebook today announced that it has reached a definitive agreement to acquire Oculus VR, Inc., the leader in immersive virtual reality technology, for a total of approximately $2 billion. This includes $400 million in cash and 23.1 million shares of Facebook common stock (valued at $1.6 billion based on the average closing price of the 20 trading days preceding March 21, 2014 of $69.35 per share). The agreement also provides for an additional $300 million earn-out in cash and stock based on the achievement of certain milestones.