Close Menu
  • News
  • Features
  • Summer Game Fest 2025 Coverage
  • Guides
  • Previews
  • Reviews
  • Gaming News
  • Entertainment News
  • Tech
  • Podcasts
  • About Us
  • Contact Us
X (Twitter) YouTube RSS
Facebook X (Twitter) Instagram YouTube
The OuterhavenThe Outerhaven
  • News
  • SGF 2025
  • Features
  • Guides
    • Elden Ring Nightreign Guides Hub
  • Previews
  • Reviews
    • Video Game Reviews
    • Anime & Animation Reviews
    • Comic Book & Manga Reviews
    • Films & TV Reviews
    • Tech Reviews
    • Tabletop and Card Game Reviews
    • Toy Reviews
  • Gaming
    • PlayStation
    • Nintendo
    • Xbox
    • PC Gaming
    • Retro Gaming
    • Tabletop
    • Virtual Reality
  • Entertainment
    • Anime & Animation
    • Comic Books & Manga
    • Films & TV
    • Original English Light Novels DB
    • OELN DB
    • Culture
    • Books
    • Toys
  • Tech
  • Podcasts
    • A-01 Podcast
    • Nintendo Entertainment Podcast
    • Spectator Mode Podcast
The OuterhavenThe Outerhaven
Home»News»Tech»Oculus Rift purchased by Facebook for $2 billion…. yeah that’s what I said.

Oculus Rift purchased by Facebook for $2 billion…. yeah that’s what I said.

By Keith MitchellMarch 25, 2014

*UPDATE* Looks like Palmer Luckey, Co-Founder of Oculus VR Inc, is making the rounds on Reddit playing damage control. Tons of initial investors, fans and hobbyists are greatly pissed regarding the sale of Oculus VR and rightfully so and Palmer is attempting to answer any and every question to put own fears at east. Head on over to http://www.reddit.com/user/palmerluckey for the full scoop. Hopefully I can get some facetime with them at the upcoming Pax East 2014 convention.

In one of the more bizarre moves to date, Facebook in it’s never ending crusade to be cool again has done the unexpected. They’ve purchased the Oculus Rift for $2 billion , a move that makes myself along with other people say, WTF. This just doesn’t compete to me. Why would Oculus even sell their tech, something that has been making waves for months… years for quite some time.

OculusRift1

Oculus had attracted the interest from many companies and games such as EVE Valkrie, Strike Suit Zero, Doom, Half Life 2 and many others. Even Notch from Minecraft fame had been on board but once he caught wind of the announcement it seems he had promptly dropped his plans for anything related to the VR project.

Our mission is to make the world more open and connected. For the past few years, this has mostly meant building mobile apps that help you share with the people you care about. We have a lot more to do on mobile, but at this point we feel we’re in a position where we can start focusing on what platforms will come next to enable even more useful, entertaining and personal experiences.

This is where Oculus comes in. They build virtual reality technology, like the Oculus Rift headset. When you put it on, you enter a completely immersive computer-generated environment, like a game or a movie scene or a place far away. The incredible thing about the technology is that you feel like you’re actually present in another place with other people. People who try it say it’s different from anything they’ve ever experienced in their lives.

Oculus’s mission is to enable you to experience the impossible. Their technology opens up the possibility of completely new kinds of experiences.

 I don’t know, this sounds like a bust to me from a gamer perspective but at the same time Facebook is a huge company and is a huge player when it comes to advancement of technology so I can also see why the sale occured. Only time will tell on what good comes out of this, if anything.

Source: Oculus, Facebook

Facebook Oculus rift VR
Keith Mitchell - Headshot-PS_Gear_400x400
Keith Mitchell
  • X (Twitter)
  • LinkedIn

Keith has been a fan of geek culture and video games ever since his father gifted him his first gaming console many decades ago and has used this love of for the genres to start The Outerhaven. Keith keeps follows on the ongoings of videogames, anime, comics and technology, and while he has been writing about these topics for the past 14 years, he has been a gamer and tech guy for 30 years.

Related Posts

My Nintendo Switch 2 Dock Died in Less Than a Week

GeForce Now App Now Officially Available for the Steam Deck

MSI Ditches Intel for it’s new MSI Claw A8 Handheld PC Powered by AMD’s Ryzen Z2 Extreme

Nex Playground Review – Getting Yourself Active Without VR

Wacom Intuos Pro Review

CASETiFY Ready For May The Fourth With New Star Wars Accessories

Latest Posts

Pre-Ordering Opens for 4 New Boys’ Love Titles from Manga Planet

June 21, 2025

Mario Kart World Producer Breaks Down Roster Choices

June 21, 2025

Donkey Kong Bananza Already Topping Amazon Sales Charts

June 21, 2025

Nintendo Switch 2 Sales In Japan Have Already Eclipsed Certain PlayStation and Xbox Consoles

June 20, 2025

Anime Review: The Beginning After the End

June 20, 2025

NetEase Unveils Blood Message, a Cinematic Action-Adventure

June 20, 2025

Donkey Kong Bananza Gets Multiple Commercials, Demo Playable In Stores

June 20, 2025
About Us • Our Team • Contact Us • Privacy Policy • Review Policy • Ethics Policy 
Work With Us • Reviews on Open Critic • Reviews on CriticDB
Copyright @2025 The Outerhaven Productions

Type above and press Enter to search. Press Esc to cancel.