"Court rules against Oculus, awards $500 million to ZeniMax"
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CNET News Video
CNET News Video
Court rules against Oculus, awards $500 million to ZeniMax
Oculus owes $0,5 billion to Zenimax after losing in court.
A jury needed just two and a half days to deliver it's verdict in the Zenimax vs.
And Palmer is not so [LAUGH] lucky now.
That was terrible.
The case started in 2014 when Zenimax accused Oculus of misappropriating trade secrets.
The actual trial began in mid-January of 2017 and took three weeks to litigate.
Zenimax lawyers insisted the whole thing was a planned heist.
With Oculus co-founder Palmer Luckey relying on id co-founder John Carmack's programming expertise which would then make the foundation of Oculus' headset technology property of ZeniMax.
And ZeniMax owns id.
Oculus on the other hand says this is sour grapes.
And the law-suit is just a product of jealousy at Oculuse's success.
Said in quote "They are jealous,they are angry,they are embarrassed."On quote.
Seriously guys the trial had more drama than all my amante favourite soap operas combined.
In the end, the jury agreed with Zenimax, awarding them 500 million bucks.
Of course, Oculus plants to appeal the verdict.
But considering Facebook owns Oculus now.
And Facebook put up a 3.5 billion dollar profit last quarter.
I think all parties here are going to be just fine.
Check out cnet.com for more.
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