Facebook officially owns Oculus now
It’s official: Facebook now actually owns Oculus VR, the company behind virtual reality goggles Oculus Rift. Though the $2 billion acquisition was announced way back in March, these kinds of negotiations typically take months to resolve thanks to various regulations. Now they have. Facebook and Oculus released a joint statement today that simply states: “We’re looking forward to an exciting future together, building the next computing platform and reimagining the way people communicate.” As for just why the deal took place, Palmer Luckey, Oculus’ founder, has said that the plan is to “promote the long-term adoption of virtual reality, not short-term financial returns” and that the partnership would become the “clear and obvious path to delivering virtual reality to everyone.”
Tesla preps for Model X production with assembly line revamp
In order to boost output of the Model S and to prepare for production of the Model X SUV, Tesla has paused work at its only plant for two weeks. Bloomberg reports that $100 million in upgrades are on tap for the factory that will allow both vehicles to be constructed on the same assembly line. The changes will also increase production of the Model S sedan by 25 percent. As you may recall, the company’s electric SUV has been delayed more than once, so by now there’s a few folks anticipating the expected 2015 arrival.
[Photo credit: Bill Pugliano/Getty Images]
Filed under: Transportation
Source: Bloomberg
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