Facebook Announces 2nd Major Acquisition This Year, This Time It’s a VR Gaming Studio

On Tuesday, Facebook announced the acquisition of Beat Games, the gaming studio, which developed the famous virtual-reality game “Beat Saber,” but no financial details about the deal were disclosed.

Reportedly, Beat Games will continue to operate independently out of the Prague studio but will be under the ultimate control of the Oculus Studio division of Facebook.

Oculus Studio twitted:

In a blog post, Mike Verdu, Oculus’s director of the augmented and virtual reality content, stated:

Mike Verdu said,

Mike also affirmed that the studio would continue to produce and export content and updates for “Beat Saber” on platforms where the game is already available.

Oculus is experimenting and acquiring grants to devise ways to stimulate the adoption of virtual reality technology. On the other hand, Facebook is planning to have a virtual social community, where the users of its Oculus products can “explore new places” via its Horizon virtual world. The Horizon Horizon virtual world is scheduled for a beta launch in 2020. Horizon will substitute the earlier versions of the social VR community Oculus Rooms and Facebook Spaces.

The director of the augmented and VR content of Oculus commented:

Director of the augmented and VR content stated,

Facebook also hinted to procure more video game studios in the coming year. This was Facebook’s second major acquisition for its AR/VR department in 2019; the first was the addition of CTRL-Labs, a startup specialized in brain-computing technology.

David Bright

David Bright joined Times of Casino as a news writer focused on the casino industry. He holds a bachelor degree in Economics and Accounting and currently contributing in-depth news articles. David writes on the casinos, gambling legislation, poker, and much more.

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