Facebook Buys Oculus for $2 Billion

Social media mega-company Facebook has purchased the virtual reality startup team at Oculus for $2 billion dollars according to Forbes.

The deal includes $400 million in cash and 23.1 million shares in Facebook stock with a $300 million "milestone" bump. In a statement released by Mark Zuckerburg, he stated, “Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate.”

Video by: Mashable

Oculus is responsible for the often widely praised Rift virtual reality headset for use with PC gaming and multimedia. Facebook's interest to make a virtual social media platform is an intriguing one but the interest in VR Farmville doesn't have everybody as happy as Co-founder Palmer Luckey, CEO Brenden Iribe, or Zuckerburg.

With the news of the purchase, Mojang's founder Markus "Notch" Persson has officially pulled out of the deal to bring Minecraft to Oculus' creation saying, "I just cancelled the deal. Facebook creeps me out." So the dreams of building giant pixelated worlds in virtual reality will have to come from somewhere else.

It is definitely a very interesting world we could live in and one that I dreamed of as a young TJ staring at a computer screen. The thoughts of having a social world all built within virtual reality where one could assume the role of whatever version of themselves is one that could be both fantastic and fantastically terrifying. Surrogates anybody?

What do you think of the deal? Let us know below.