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FTC Approves Facebook's Oculus VR Buyout

VRFocus - 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.

XboxFun3654d ago

Waitaminute, you mean it wasn't official yet?

how come we didnt get million stories submitted and the sony fanboys going ape sh*t like when the fcc didnt finalize Xbox One?

n4g is slippin!

Zerogamer3654d ago (Edited 3654d ago )

Do you know what a FCC is?

Sitdown3654d ago

Fake Console Commissioner?

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Godmars2903654d ago

Pity we're talking about the Federal *Trade* Commission rather than then Federal Communication Commission.

choujij3653d ago (Edited 3653d ago )

Federal Cash Cow?

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Spikes14713654d ago Show
ZeroX98763654d ago

is FTC and FCC the same thing?

I thought the X1 news back then was about the FCC. correct me if I'm wrong.

Ogygian3653d ago

Because there was never even the slightest chance that the deal wouldn't go through. Facebook are a software company, while Oculus are hardware. The result is that this is about as perfect as diversification can get in terms of business (software+hardware benefit from each other plus the benefits of diversification.

I'm not saying I support the deal, but it wasn't exactly like Sony merging with Microsoft to monopolise the console gaming market.

+ Show (1) more replyLast reply 3653d ago
pop-voxuli3653d ago

Approve or not, Facebook bought it. FTC can SUCK IT!

SegaGamer3653d ago

I don't see what the big deal is, one way or the other we are going to get Virtual Reality for games very soon.

50°

Morels: Homestead Established for PC VR

Morels: Homestead, a relaxing game in which you can create your own unique homestead, is available now for PC VR.

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110°

F1 23 Will Support PC VR But Not PSVR 2

Electronic Arts has confirmed that while F1 23 will support PC VR it will not support PSVR 2 on PlayStation 5.

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ApocalypseShadow348d ago

That's fine. GT7 would overshadow it anyway at it has open wheel and regular cars.

Should have been spending their time updating Squadrons with better resolution, frame rate, haptics, etc as there isn't a game like that on PS VR 2 yet.

But it's EA. They don't think.

Babadook7348d ago

I agree. It would sell better on PSVR2 right now.

Knushwood Butt348d ago (Edited 348d ago )

A wasted opportunity, but I don't buy EA / Codemasters stuff anyway. Grid Legends just came out on Plus and I haven't touched it. Why would I when I have GT7 and PSVR2?

Abnor_Mal348d ago

Not into F1 racing, but still a missed opportunity.

ApocalypseShadow348d ago

That's where opportunity presents itself that they could offer something else that other developers haven't offered yet. Yeah. There's No Man's Sky. But a space game with a story would be great. Like the old days with Colony Wars.

Abnor_Mal348d ago

Exactly, they could have possibly lured more players just from the inclusion of a vr mode.

I miss Colony wars and G-Police, Low-Fi I hope will scratch that itch when it releases. We also need a vr War/Starhawk game.

Knushwood Butt348d ago

Just watched the trailer of Low-Fi. Most definitely on my radar.

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60°

Forgotten VR Gems: Robo Recall

Here's a forgotten VR gem for you from 2019. Epic Games' action-packed Robo Recall, which is also available for Quest 2.

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Babadook7368d ago (Edited 368d ago )

Although I never owned an oculus, I played the demo for this at an electronics store. Pretty impressive in an early goings of VR title.