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Jaunt VR CEO: “Facebook got a great deal” on Oculus Buyout

Jens Christensen, CEO of cinematic virtual reality (VR) company has said that the thinks social network giant Facebook ‘got a great deal’ when it purchased Oculus Rift VR headset makers Oculus VR for $2 billion USD in March 2014. Christensen said as much speaking at this week’s Silicon Valley Virtual Reality (SVVR) Conference & Expo, looking at how the technology will be adopted over the course of the next five years.

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“I think Facebook got a great deal,” Christensen said responding to a question about the buyout during a panel which also included the likes of Oculus VR founder Palmer Luckey, Sixense CEO Amir Rubin and GameFace Labs CEO Edward Mason. Overall, the panel unanimously agreed that the funding was a good move and that we had perhaps only begun to see the start of such investments in VR.

Of course we have seen several large investments made in VR companies following Facebook’s deal. Just this week immersive VR platform Survios announced that it raised some $4 million to support its development, while companies like Virtuix and nDreams have also seen similar investments. VRFocus will continue to follow the progress of any and all VR companies and bring you the latest on them.