Aurich Lawson Giant social networking company Facebook has just announced it has “reached a definitive agreement” to acquire virtual reality headset maker Oculus for $400 million in cash and 23.1 million shares valued at $1.6 billion. Oculus can earn another $300 million if it reaches unspecified performance milestones, and the deal is expected to close in the second quarter of 2014. In announcing the deal, Facebook founder and CEO Mark Zuckerberg indicated that the move is about much more than gaming, and goes well beyond the kneejerk FarmVille VR jokes that propagated at warp speed immediately in the announcement’s wake. “While the applications for virtual reality technology beyond gaming are in their nascent stages, several industries are already experimenting with the technology,” Facebook said in a blog post . “Facebook plans to extend Oculus’ existing advantage in gaming to new verticals, including communications, media and entertainment, education, and other areas,” he wrote. “Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow,” Zuckerberg said in a statement. “Oculus has the chance to create the most social platform ever and change the way we work, play, and communicate.” Read 13 remaining paragraphs | Comments
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Facebook purchases VR headset maker Oculus for $2 billion [updated]
Three minutes after last week’s earthquake, a Quakebot created by the The Los Angeles Times had already written a story breaking the news. It took humans another five minutes to copyedit and publish. 
wiredmikey (1824622) writes “Microsoft warned on Monday of a remote code execution vulnerability (CVE-2014-1761) in Microsoft Word 2010 that is being actively exploited in targeted attacks. If successfully exploited, an attacker could gain the same user rights as the current user, Microsoft said, noting that users whose accounts are configured to have fewer user rights on the system could be less impacted than accounts with administrative privileges. ‘The vulnerability could allow remote code execution if a user opens a specially crafted RTF file using an affected version of Microsoft Word, or previews or opens a specially crafted RTF email message in Microsoft Outlook while using Microsoft Word as the email viewer, ‘ Microsoft explained Microsoft did not share any details on the attacks that leveraged the vulnerability, but did credit Drew Hintz, Shane Huntley, and Matty Pellegrino of the Google Security Team for reporting it to Microsoft.” Read more of this story at Slashdot. 
