Intel’s new $2 billion deal with Facebook to sell a gaming console is “very interesting” and the two companies are “in a very good place,” Oculus CEO Brendan Iribe said on CNBC Tuesday.

Iribe, who recently took over as CEO of the company, was speaking to a group of investors in his hometown of Columbus, Ohio, as he looked ahead to Oculus’ $4.5 billion acquisition of Facebook.

The $2.3 billion deal to sell the Oculus VR headset will allow Facebook to offer gaming hardware to developers at a fraction of the cost of Oculus’s current offerings, which include the Oculus Touch controllers.

The deal also will allow Oculus to add VR gaming to Facebook’s News Feed, the company’s news portal, and other features.

Facebook has been criticized for charging developers to make games, especially in games that offer immersive virtual reality.

Oculus CEO Facebook, in a statement, said the acquisition was a “great step” toward making the Oculus system more affordable for developers.

“I think this will help accelerate adoption and make Oculus a more valuable part of the platform ecosystem, as well as bring new kinds of experiences to Facebook users,” Iribe told CNBC.

The Oculus Rift will be sold through a deal with a gaming publisher that is owned by Facebook.

The publisher, ZeniMax Media, is in the process of buying Oculus and is working to acquire Zeni Max, a subsidiary of Zeni.

It is unclear whether Facebook will sell Oculus to Zeni or Facebook itself.

Iribes statement did not provide additional details on how Facebook plans to integrate VR gaming into its News Feed.

In February, Facebook announced the acquisition of Oculus.

Zuckerberg said the deal would “open up new platforms for developers.”

Iribe called the acquisition “a good day” for Oculus.

The news comes a week after Oculus announced it would begin shipping its first Rift headset to developers, but that it would still need to sell millions of units before it could open its doors to the general public.

The company said in a blog post Tuesday that its sales plan for the Oculus headset is “still in the early stages” and that it is “considering” how to distribute the hardware in the future.

Facebook said that it expects to sell more than 1 million Oculus Rift headsets this year, which is more than half of the total Oculus Rift market share.

“While Oculus’ product launch is a milestone, we expect to see more compelling experiences come to market as we move forward,” Facebook said in the blog post.

“We are still in the very early stages of the Rift’s development and we anticipate we will continue to deliver compelling VR experiences for consumers, developers and advertisers.”

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