Facebook (FB) has acquired virtual reality company BigBox VR for an undisclosed amount. The social media giant's interest in the company spiked due to the popularity of the multiplayer VR game, POPULATION: ONE, which hit the market only nine months ago. The game has been a top-performing title on Facebook's Oculus platform. Notably, the entire team of BigBox will be joining Oculus Studios. Vice-president of content at Facebook Reality Labs Mike Verdu said, “We are exploring many ways to accelerate VR, including investments in third-party content, AAA IP, hardware, and more, and we have many innovative plans for the next few years.
https://www.tipranks.com/news/facebook-acquires-virtual-reality-company-bigbox-vr
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