Facebook To Launch Virtual Reality

Oculus, like many other virtual reality developers, had a hard time prioritizing. Should they spend their time forcefully squeezing out products for the people? Or, should they keep their heads down and continue with the great work that they were doing? There is no rush, and with Facebook acquiring Oculus, chances are that they will get the time and space to bring to the world a truly remarkable experience.

READ THIS: Facebook Acquisition Of WhatsApp At The Mobile World Congress

Merger Vs. Acquisition, The dealings

This 25^th of March 2014, Facebook announced that they are acquiring Oculus. From the information available on this deal, this is not a complete merger, and frankly, it shouldn’t be. Companies like Facebook are smart, they would rather let Oculus fend for themselves and prove their worth, rather than taking over and baby-sitting them.

Mark Zuckerberg Puts The Pressure On

The acquisition is for $2 billion, out of which, only $400 million in cash. The remaining $1.6 billion will be dealt in Facebook shares. A smart move by Facebook – giving Oculus the incentive to make Facebook more profitable. On top of this, Facebook has promised to give Oculus an additional $300 million, if they achieve certain milestones.

What Does This Mean For The World

Facebook is planning their cards right, but what does this mean to us? Well, great that Facebook is moving forward with full momentum. From about the deal, we can deduce that Oculus is going to be initially focused on virtual reality for gaming, and eventually on communication and social experiences.

Facebook Vs. Google

Facebook has been behind the curve for some time, when it comes to diversification of products and services. They were a little late in acquiring Whatsapp, and had to pay a heavy prize of $19 billion for it. But with this $2 billion acquisition of Oculus VR, Inc., this early in the game, Facebook is taking a leap forward.