Oculus founder says Facebook deal will make virtual reality cheaper and better

By March 26, 2014March 24th, 2020Newswires

By Sean Hollister

One year ago, Oculus founder Palmer Luckey told me that his virtual reality headset company had no intention to sell. He said that the team had agreed, for the time being, to stay independent — to make sure that it didn’t have to cater to another company’s business strategy in order to further its goals. When Oculus raised $100 million in funding, it seemed that independence was assured, even though the company picked up a few new bosses along the way. But today, Facebook bought Oculus for $2 billion, including $400 million in cash.

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