Facebook purchasing Oculus was an unprecedented acquisition. No Kickstarter company has ever been bought out by a large corporation prior to their crowdfunded project being released--at least not on the immense scale of $2 billion.
The surprising acquisition has spurred a lot of animosity from virtual-reality enthusiasts, most notably from the original Kickstarter backers.
Facebook has announced that an agreement has been reached with Oculus VR, Inc to purchase the virtual reality developer for $2 billion. Of the $2 billion being paid, $400 million of it will be in cash and the remainder will amount to 23.1 million shares of Facebook common stock valued at $69.35 per share.
We go hands-on with the latest gaming gadgets at the 2014 Game Developers Conference
We had the chance to check out GDC 2014 held in San Francisco, CA and this year was really about virtual reality. We had everything from the Oculus Rift development kit 2 to Sony’s Project Morpheus and a bunch of VR accessories and peripherals thrown in for good measure.
The Oculus VR development team has announced at GDC the Rift Development Kit 2. The upgraded device implements features from the Crystal Cove prototype, which was unveiled at CES this year, such as the low persistence OLED display rather than the original’s LED display.
It was thought that Valve was building its own VR headset and even rumored that its current product is way better than the Oculus Rift. Turns out that's not the case. During the second day of Valve's Steam Dev Days conference, the publisher announced that it is "working together with Oculus to drive PC VR forward," adding that the two companies have collaborated on tracking.
Demoing the newest Oculus Rift prototype with positional tracking
Excitement continues to build over Oculus Rift, the virtual reality headset that raised a whopping $2.4 million on Kickstarter. Jimmy had an opportunity to try out the latest prototype, which trades the LED screen for OLED and has an external camera to support positional tracking. In other words, Oculus Rift now looks better and also knows when you're leaning in for a closer look at an object.
High speed police chase ends tragically for Reisse and the Oculus team.
A senseless and tragic accident has robbed Oculus VR of one of its founding members. Andrew Scott Reisse died on Thursday after being struck by a car pursued by police. Coworkers report that Andrew was out for a walk when the incident occurred, and the entire team is stunned and saddened by the loss.
"Andrew was a brilliant computer graphics engineer, an avid photographer and hiker who loved nature, a true loyal friend, and a founding member of our close-knit Oculus family," the company said in a statement. "Andrew's contributions span far and wide in the video game industry. His code is embedded in thousands of games played by millions of people around the world," the statement said. "Words can not express how sorely he will be missed or how deeply our sympathy runs for his family."
So you've played Team Fortress 2, but have you played it while wearing a virtual reality (VR) headset? It wouldn't have made much sense to do so up until now, as Valve just announced a VR mode to the free-to-play title that it plans to release in the coming days. In doing so, Team Fortress 2 becomes the first game to officially support Oculus Rift, a VR headset that raised more than $2.4 million in funding on Kickstarter last summer.