Meta Platforms acquired Beat Games, a transaction announced in November 2019.
Beat Games operates in Reality Labs, is based in Prague, Czech Republic. Beat Games is the Prague-based studio behind Beat Saber, one of the most popular VR games. Facebook acquired it into Oculus Studios as an independently operated studio to accelerate its VR content, adding more music and features to Beat Saber and bringing it to more players. Deal terms were not disclosed.
Facebook said Beat Games was a strong team with proven potential across VR, games, and music, and that Oculus's resources would help it accelerate.
Advisory firms were not disclosed for this transaction.