His Oculus Facebook eventually he will have to pay one fine $500 million for stealing code from company ZeniMax, according to a court ruling that heard a lawsuit filed three years ago.
Recall that Oculus was bought by Facebook in 2014 for 2 billionmillions dollars. But now it will have to pay quite a large sum of money after a court ruled that Oculus used technology developed by ZeniMax, an American video game company.
Facebook is already planning to appeal the decision that it wanted Oculus guilty of infringement copyright, breach of a nondisclosure agreement, and trademark misappropriation.
From 500 million dollars that is fine Oculus has to pay 200 million to break the non-disclosure agreement, and 50 million for copyright infringement. The co-founders of Oculus will also have to pay a very large amount.
The company and Palmer Luckey will have to pay 50 for millions of dollars for a false deposit and Brendan Iribe 150 for millions of dollars extra.
Though this amount may seem very large to you, it is nothing compared to what ZeniMax wanted to gain from this controversy. The company was asking for a total of $ 2 as a compensation, which is a little more than the amount 2014 paid to acquire Oculus.
Of course, Mr. Mark Zuckerberg of Facebook and the creators of Oculus, Mr. Palmer Luckey and Mr. Brendan Iribe, filed an appeal in the hope of getting rid of all the charges. So ZeniMax will have to wait for the final case.