Facebook acquires Oculus VR another startup and the makers of virtual reality glasses. The deal has been finalized for an estimated price of $2 billion, it is understood.
Oculus VR are the makers of virtual reality glasses used for gaming. This will bring Facebook in direct competition with Google as the search engine giant is pinning its hopes on Google Glasses.
There is no doubt that the future belongs to wearable devices as many prominent electronics companies in the world are taking this seriously. Google will also be coming forward with Android Wear, a new version of the OS for the Smartwatches.
The $2 billion deal will be the first of its kinds for Facebook as far as any hardware buyout is concerned. Before this, Facebook had bought various startups, but Oculus VR is the first as they are making hardware devices. The first hardware deal for Facebook comes close on the heels of the recent WhatsApp acquisition for an estimated price of $19 billion.
Facebook had to face a lot of criticism for acquiring WhatsApp for such a huge amount of $19 billion. They were even questioned regarding the value of the mobile messaging system itself. But Facebook had other plans and ideas when they decided to shell out billions of dollars for acquiring WhatsApp.
What Facebook has anticipated is a simple equation. According to the largest social networking site, there is going to be a shift in the technology industry as handheld devices are growing in number and the number of PCs is fast on the decline.
There is no doubt that mobile is the platform of today’s world. Everyone has accepted that. Facebook is also looking one step forward by bracing themselves for the challenges of tomorrow. Speaking about Oculus, Chief Executive of Facebook Mark Zuckerberg said “Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate.”