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  • Blog Post: Facebook Stock Closes Down 7 Percent Following Oculus Acquisition

    Yesterday, we learned that $2 billion buys you talent and the most promising virtual reality startup in the market. Today, we discovered that Facebook investors aren’t sure what to make of that. Following yesterday’s surprise purchase of Oculus VR for $400 million in cash and approximately... More
  • Blog Post: Oculus’ Acquisition 'Almost Happened Overnight'

    It was just one week ago that we met with Oculus VR on the eve of the company announcing its second developer kit . Since then, Oculus inked a deal with Facebook worth $2 billion in cash and stock. Most acquisitions, especially when dealing with valuation this high, take months. Oculus’ transition... More
  • Blog Post: Oculus VR Secures $75 Million To Staff Up For Consumer Rift

    Oculus VR has secured another round of funding, this time in the amount of $75 million. The investment comes by way of Netscape founder (and mind behind the modern web browser) Marc Andreessen’s VC firm, Andreessen Horowitz. The purpose of the funds is to allow Oculus to increase staffing in anticipation... More
  • Blog Post: Oculus VR's Palmer Luckey And Nate Mitchell On Bringing Rift To Consumers

    One of my goals during Gamescom 2013 was to get as much time wearing an Oculus Rift as possible. Thanks to Meteor Entertainment, Gaijin Entertainment, and CCP, I was prepped for my extended conversation with Oculus VR co-founder Palmer Luckey and vice president of product Nate Mitchell. What I wasn't... More
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