Facebook Missed Mobile Gaming, So It Bought Oculus To Own Virtual Reality For Gaming And Beyond

Facebook Missed Mobile Gaming, So It Bought Oculus To Own Virtual Reality For Gaming And Beyond

Facebook had a huge success with its web gaming canvas, but got locked out of mobile gaming revenue by platform owners Apple (iOS) and Google (Android). But Facebook seems determined not to miss the next big gaming platform, as today it announced plans to acquire Oculus, makers of of the Rift virtual reality headset, for $2 billion in cash and stock. And long-term, its looking to take VR beyond… Read More

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