FTC Approves Facebook’s Oculus VR Buyout

The Federal Trade Commission (FTC) has officially approved of social network giant Facebook’s buyout of Oculus VR for $2 billion USD. The deal to buy the Oculus Rift virtual reality (VR) headset makers has has passed antitrust assesments and been given the go-ahead by both that organisation and the US Department of Justice. As Reuters explains, he deal was listed as just one of a number of approved transactions published this week.

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Facebook announced the deal in March 2014, although it was yet to be carried through. Company founder Mark Zuckerberg stated at the time that he saw Oculus VR’s Oculus Rift as a platform for a number of mediums beyond just videogames. That said, Zuckerberg assured that the acquistion would not effect Oculus VR’s current plans to position the headset as a videogame device.

Reactions to the deal have been mixed, with high profile independent developers such as Minecraft creator Markus Persson and Braid developer Jonathan Blow speaking out against it. VRFocus has since spoken to a number of other developers that look favourably upon the acquisition. VRFocus will continue to follow all aspects of the deal and bring you the latest.

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