Facebook has acquired Asgard's Wrath developer Sanzaru Games.
As revealed in an Oculus blog post, the studio was chosen as it has created four titles for the Oculus platform - it was the first developer to team up with the Oculus Studios team. On top of this, Sanzaru Games has much experience in the world of virtual reality.
"Sanzaru is a veteran game developer – having shipped titles to multiple platforms in the past – as well as a VR pioneer: They've created four titles for the Oculus Platform since 2016, when they were the first developer to partner with the Oculus Studios team," said Facebook director of content Mike Verdu (pictured).
"They approach game design with three pillars in mind: great design, beautiful art including animation and audio, and strong tech. It is this foundation that enabled Sanzaru to build a game as rich as Asgard's Wrath, and it's a strong foundation they will continue to build upon as we all push VR forward."
Sanzaru Games will maintain its independence, and it will continue to focus on VR experiences. However, no future projects have been announced.
"A studio's culture is a crucial part of its success, and that's clearly been true for Sanzaru. It's an aspect of the company we admire and intend to maintain," said Verdu.
"They will continue to build amazing VR experiences as an independent studio operating out of their current offices in the US and Canada, with the full support of Facebook and the passionate Oculus Studios team behind them."
The vast majority of Sanzaru Games staff will join Facebook as part of the Oculus Studios team.
Facebook Gaming has pulled out of GDC 2020. The American firm cited the coronavirus as the reason why. It has advised its staff not to travel during GDC week and will post its announcements intended for the event on its website.
The company was also one of 13 companies to get a perfect score on the annual HRC Corporate Equality Index.