Only a week after displaying its newest tech on the GDC expo floor, Oculus VR has reached a “definitive” agreement with Facebook. The social giant will acquire the VR manufacturer for apprximately $2 billion in combined cash and Facebook stocks.
Both Facebook and Oculus VR have commented on the deal, Facebook in their official press release and Oculus VR founder Palmer Luckey on Reddit. Luckey was optimistic in his post, reassuring fans:
In the end, I kept coming back to a question we always ask ourselves every day at Oculus: what’s best for the future of virtual reality? Partnering with Mark and the Facebook team is a unique and powerful opportunity. The partnership accelerates our vision, allows us to execute on some of our most creative ideas and take risks that were otherwise impossible. Most importantly, it means a better Oculus Rift with fewer compromises even faster than we anticipated.
Very little changes day-to-day at Oculus, although we’ll have substantially more resources to build the right team. If you want to come work on these hard problems in computer vision, graphics, input, and audio, please apply!