This deal feels like a reach. While promising, it’s not obvious that VR is going to become a mainstream computing platform anytime soon, and even less clear that Oculus would be the winner if VR were to takeoff. A $2b price tag bakes in a decent probability of both happening.
The questions is whether Oculus is so far out ahead in this game that no amount of funding or developer skepticism / distrust (and there will be plenty of both) could generate a plausible rival. If that’s the case, and everything goes right for VR, than this bet pays off.
More likely, there’s now a ton of motivation — and now, financial validation — to fill the void of an independent, flagship platform championing virtual reality. Will be fun to see this play out.
Kik founder on WhatsApp and the messaging wars more broadly. Some very smart analysis about why messaging is so hot.