What do you guys think? Buying Oculus for $2 billion and then realizing it costs an extra $1 billion to keep it running! Then later you find out that you’re get sued over VR patents!
“Facebook founder Mark Zuckerberg appeared in court on Tuesday – suited, booted and apparently unfazed by accusations his company stole innovative virtual reality technology.
A day’s worth of questioning in the Dallas courtroom yielded few surprises, other than confirmation that Facebook’s deal to buy VR company Oculus was even more expensive than first publicised.
As well as the $2bn (£1.6bn) fee announced back in 2014, another $1bn was paid out in order to keep key staff on the Oculus team and to provide incentives.”
“The 32-year-old, who has also used his time in Dallas to visit community groups, appeared to have little patience for the claims made by Zenimax, the company that alleges its software was stolen in order to make Oculus a success.
“It’s pretty common when you announce a big deal that people just come out of the woodwork and claim they own some part of the deal,” he told the court after being called as a witness. “The idea that Oculus products are based on someone else’s technology is just wrong.”
“Zenimax, owner of id Software, is suing Facebook for $2bn. It alleges that John Carmack, co-founder of id, took intellectual property belonging to Zenimax when he left the firm to join Oculus as its full-time chief technology officer.”
Source: BBC
