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April 23, 2014

US government approves Facebook’s purchase of Oculus

by John_A
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We’re not sure there was ever much doubt, but the US government has given the thumbs up to Facebook’s $2 billion purchase of Oculus VR. The Federal Trade Commission examined the deal and found that it would not violate American antitrust laws. Now with most of the regulatory hurdles cleared, the focus can shift to the practical implications of the deal. Joining the Facebook family clearly puts a vast amount of resources at the disposal of Oculus founders like Palmer Luckey. But many in the development community are worried that the move represents something of a loss of innocence. Notch, the man behind Minecraft, in particular is apparently creeped out by Facebook and what it’s business model and culture could mean for the future of the Rift. We can’t pretend to know what’s coming — we’re not even sure that Mark Zuckerberg or Oculus are sure what the future holds yet. All we can say is that we really hope a VR version of Facebook isn’t in the cards.

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Source: Reuters, FTC

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