Facebook's Oculus facing $500 million bill in copyright case
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February 2, 2017
SAN FRANCISCO (AP) — Facebook's virtual-reality subsidiary and two of its founders are facing a sobering reality after a jury hit them with a $500 million bill for violating the intellectual property rights of video-game maker ZeniMax Media.
The verdict reached Wednesday in a Dallas federal court represents about one-fourth of the $2 billion that Facebook paid two years ago to buy Oculus, a developer of virtual-reality gear and software.
The jury concluded that Oculus and co-founders Palmer Luckey and Brendan Iribe infringed on ZeniMax Media's copyrights and trademarks as they built their prod...
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