Another Acquisition: Facebook Buys Oculus Rift

It seems that now Facebook is entering into the console world as well. The company has acquired Oculus VR, the company which is building the Oculus Rift virtual reality headset, for a whopping $2 billion. The company (Oculus) has kept one condition that it will keep its headquarters in Irvine, California only and not shift its base. “We are very …

Oculus Rift Production Stopped

Oculus Rift development kits are no longer being manufactured, owing to a materials shortage. The news has been confirmed by an oculus spokesperson. While the corporate still has limited stock of the dev. kits, it warns that there’s no official timeline for production to recommence. “We are looking into alternate sources for the required elements, and we do not yet have a timeline for when the extra units will be available. We’ll take care to keep everybody posted,” mentioned the company’s Oculus Rift Subreddit. Sales are suspended in every region as stock has diminished. Units are still available in USA, Canada, EU, Australia, …

Oculus Funding $75M To Help ‘Rift’ Headset Go Retail

Marc Andree is about to join the board of directors of Oculus, a well known company which makes giant, motion-tracking, screen-in-front-of-your-eyes headset of a similar name, the Oculus Rift. “We believe Oculus will not only alter the gaming landscape but will redefine fundamental human experiences in areas like film, education, architecture, and design,” wrote Andreessen in a statement, reports Reuters. …