Zenimax Media

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Photograph: Lucy Nicholson/Reuters

Microsoft said on Monday it would acquire ZeniMax Media for $7.5 billion (€6.4 billion) in cash, strengthening its Xbox video game offering with the s(...)

The Oculus virtual reality headset. Company owned by Mark Zuckerberg has lowered the price of the Rift. Photograph: Patrick T. Fallon/Bloomberg

Oculus, the virtual reality company owned by Facebook, is temporarily cutting the price of its hardware, as the industry tries to figure out why the t(...)

Oculus co-founder Palmer Luckey: Facebook said in a statement that he would “be dearly missed”. Photograph: David Paul Morris/Bloomberg

Palmer Luckey, the 24-year-old founder of Oculus, has left Facebook’s virtual reality unit. The social media company bought Oculus for about $2 billio(...)

Facebook’s fourth-quarter sales, announced on Wednesday, easily beat expectations.  Photograph: EPA

From the spread of fake news to a nasty court fight in Texas, it has been a rough few months for Facebook. But company executives can take heart in tw(...)

CES conference attendees try out  Oculus VR headsets: Facebook’s acquisition of Oculus gave it a head start in the  virtual reality market that is  forecast to exceed $84 billion in sales in 2020. Photograph: Bloomberg

Virtual reality headset maker Oculus used stolen computer code a US court has heard, as a jury awarded $500 million (€460 million) to ZeniMax Media. F(...)

Mark Zuckerberg with an Oculus Rift virtual reality  headset: Facebook is accused of buying Oculus  with “full awareness” that the  know-how behind it was misappropriated from another company. Photographer: David Paul Morris/Bloomberg

Facebook bet early on virtual reality, buying Oculus VR 2½ years ago to get its groundbreaking headset. Now it’s fighting claims that the Oculus Rift(...)

Adrian Carmack (left) with John Romero at the five star Heritage Golf & Spa resort in Killenard, Co Laois.

Adrian Carmack, a co-founder of the firm that created ground-breaking game franchises Doom and Quake, is the new owner of the five-star Heritage Go(...)