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Facebook’s Oculus Buyout ‘Biggest VR Deal in VR History’ – University Professor

Henry Fuchs, member of the American Academy of Arts and Scientists (AAAS), Association for Computing Machinery (ACM) and Professor of Computer Science at the University of North Carolina at Chapel Hill, has labeled Facebook’s acquisition of Oculus VR as ‘the biggest deal in VR history’. Fuchs made the claim whilst hosting the keynote speech at the 2014 IEEEVR conference in Minneapolis, Minnesota. Facebook is set to purchase the Oculus Rift makers for a total of $2 billion USD.

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As documented by i’m in VR’s Sebastien Kuntz, Fuchs reasoned that Oculus VR had achieved the deal thanks to its excellent HMD design and gaining publicity through Kickstarter. He also noted that the majority of the reaction to the deal had been positive, despite vocal online communities voicing their distaste for the news. According to Fuchs, the deal is set to help Oculus develop better head-mounted displays with sufficient funding. In his opinion, ‘millions’ will be using VR in just a few years time.

Facebook’s acquisition of Oculus VR was announced last week, although few details on the buyout have been detailed. If Fuchs’ predictions prevail or not is just a question of time. VRFocus will continue to report on all developments surrounding Oculus VR and bring them to you.