“Facebook gives us the resources we need to develop a lot of custom hardware.”
Maximum PC’s Jimmy Thang caught up with Oculus VR founder Palmer Luckey to talk about the Oculus Rift at this year’s PAX East. A very tired Luckey talked about the potential for virtual reality technology to replace TVs and monitors and even the acquisition by Facebook.
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.