Facebook's Oculus will eventually have to pay a $500 million fine 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. Now, however, he will have to pay a fairly large sum of money after one court ruled that Oculus used technology developed by ZeniMax, an American video game company.
Facebook is already planning to appeal against the decision that Oculus was guilty of copyright infringement, the breaking of a non-disclosure agreement, and the abuse of trademarks.
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.
While that may seem like a lot to you, it's nothing compared to what ZeniMax stood to gain from this particular controversy. The company was asking like compensation a total of $2 billion which is roughly what Facebook paid in 2014 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.