Facebook Acquires Beat Games in Virtual Reality Content Push

As part of Facebook's (NASDAQ: FB) ongoing push to accelerate virtual reality (VR) adoption, the social networking behemoth is acquiring Beat Games, the developer behind the popular VR rhythm game Beat Saber. Beat Games will be joining Facebook's Oculus Studios, its in-house content development operation, as an independently operated studio based out of Prague.

No financial terms were disclosed, as this is a fairly small purchase for a tech company as large as Facebook.

We're excited to announce we're joining @oculus Studios as an independently operated studio in Prague! This is a big step for us and we can't wait to push VR even further together! https://t.co/WzWLjtnN7g

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Source Fool.com