Facebook (Oculus) acquires VR technology firm, The Eye Tribe
Date reported: 28-December-2016
Type: M&A
Sector Group / Sector: Technology Hardware / Virtual Reality
Buyer / Investor
Name: Facebook (Oculus)
Location: North America & Caribbean / United States
Business type: Trade
Target / Investee
Name: The Eye Tribe
Location: Europe / Denmark
Name: N.A.
Location: Europe / Denmark
Business type: Financial
Deal details
% stake:
Description: Facebook`s virtual reality business Oculus hgas acquired The Eye Tribe. The Eye Tribe produces an SDK which supports eye tracking and is also developing foveated rendering technology; the latter allows VR devices to save power by only generating perfect graphics when the eye is focused on them.