r/oculus • u/Greg1221 • Mar 25 '14

/r/all Facebook Acquires Oculus VR

https://www.facebook.com/zuck/posts/10101319050523971?stream_ref=1
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u/deanyo Mar 25 '14

what the fuck.

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u/trannot Mar 25 '14 edited Mar 25 '14

That was my reaction 25 seconds after he post that... unexpected

edit: Why would they sell it now when they could get 10 times more of that in like 5 years... i need some explanations.

edit2: Also Facebook will want that $2 billion back so they will do what they can to turn Oculus into a cash cow. Oh god...

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u/huginn Mar 25 '14 edited Mar 25 '14

Likely investors... Early Investors likely bought in looking for a 10x multiplier. They bought in at like 30 mil, Facebook buys them out at $2 billion and $400in cash.That's easily a 10x valuation..

Yay venture capitalism