Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Inflation stays below three per cent despite price warning

      The Bank of England is expected to hold interest rates at four per cent due to stubbornly high inflation.

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      England’s secret weapon against World Cup heat? British company’s £26 product

      Breaking news scene with journalists interviewing a business leader in front of corporate headquarters, microphones and ca...

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Old Pulteney releases 50-year-old whisky for 200th anniversary

      Old Pulteney 50-Year-Old single malt Scotch whisky bottle with elegant packaging on display, highlighting luxury and craft...

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Wednesday 25 June 2014 5:42 am  |  Updated:  Thursday 06 June 2019 11:22 pm

Facebook’s Oculus eyes consumer virtual reality device with acquisition

By: Lynsey Barber

Add as a preferred source on Google

Oculus, the virtual reality technology company owned by Facebook, has bought the product design firm best known for creating the Xbox 360 controller as it aims to take its VR device into the mainstream.

Seattle-based Carbon Design was snapped up by Oculus for an undisclosed sum, it said in a blog post published on the Oculus website. The post revealed the two companies have been working together for nearly a year on projects which have yet to be announced.

A development version of the Oculus virtual reality headset is currently available for those looking to create software and games for the device, but the addition of Carbon Design signals an increased focus on building a device with mass appeal to go on sale to consumers. Carbon Design creative director Peter Bristol said:

“From a design and engineering perspective, building the products that finally deliver consumer virtual reality is one of the most interesting and challenging problem sets ever. This is an entirely open product category. With consumer VR at its inception, the physical architectures are still unknown — We’re on the cutting edge of defining how virtual reality looks, feels, and functions.”

Facebook dropped $2bn on Oculus in a surprise deal back in March.

The VR company has since embarked on a hiring spree, adding at least 30 people to the Oculus team in the past month aside from buying Carbon Design.

The consumer version of Oculus has been slated for release as early as the end of 2014.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • Facebook
  • Virtual reality

Trending Articles

  • Rathbones to suspend thousands of client account inflows after FCA probe deals £530m blow

  • As it happened: FTSE 100 relief rally runs out of steam as BP and Shell weigh; Oil hits three-month low

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

  • More Big Four blues as Deloitte plans to slash UK audit roles

  • London Tech Week sums up everything wrong with UK tech

More from CityAM

  • £3m Fenomeno Roadster is most powerful open Lamborghini ever

    Life&Style
    Lamborghini Fenomeno Roadster showcasing sleek design and luxury features on display at a general news event
  • Netmore Announces Strategic Collaboration with Green Frog Asset Management and Sensational Systems to Deliver Smart Gas Metering Solution

    Business Wire
  • Starmer’s social media restrictions will mean the government can spy on every phone

    Opinion
    Keir Starmer at tech event discussing innovation and policy, surrounded by tech leaders and digital displays
  • UK carbon markets stand to get an AI boost

    Opinion
    AWS data centre exterior with modern architecture and advanced infrastructure in a business news context
  • Carbon-cutting shipping executive wins Veuve Cliquot’s Bold Future award

    Business
    Alisha smiling confidently in professional attire, standing in a modern office environment reflecting business success.
  • Options Accelerates High-Performance Trading Environments with the Launch of HDI Solution – Redefining Desktop Infrastructure for Global Finance

    Business Wire
  • Nex Playground Expands to the United Kingdom and Republic of Ireland, Bringing the Active Play System to Even More Families

    Business Wire
  • Why ERG’s King’s Award matters for industrial air pollution control

    Partner
    Without specific content or context from the article, its challenging to generate precise alt text. Please provide some de...

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies