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[Gai Murakumo]

Hot damn that is a lot of money.

 

[Jarmel]

So Oculus losing half a Bil... with a big company like Facebook hoping to recoup their investment in the company, I could see Oculus (or parts of Oculus) getting sold, especially with competition so fierce.

Damage is kind of already done at this point. Selling Oculus wouldn't really generate that much revenue anyway.

 

[lem0n]

Unluckey

 

[Obliterator]

Zenimax is valued at just over 2.5bn so 500m ain't nothing to sneeze at.

Yep for Facebook, its just a small ding to their pocketbooks.

But a huge win for ZM. Especially considering their internal teams are very small. This money can go a really long way for them.

 

[Thebeardofknowledge]

Wish it would have been more fuck Facebook and palmer

 

[LewieP]

Oculus got off relatively lightly considering just how much ZeniMax was asking for.

That said for a company like ZeniMax $500 million is a massive cash influx for them. They can do a hell of a lot with that kind of money.

Can't wait to see the improvements to the underlying tech in the next elder scrolls.

 

[shandy706]

That doesn't seem like that much.

I mean, it's effectively 12% of what they asked for.

I'll take 10% of the 12%.

Actually....I'll take 1% of that 12%...I mean, I don't want to be greedy.

 

[Ashtar]

Well hopefully this means no closing of arkane studios Austin or ... France?

 

[marrec]

I'll take 10% of the 12%.

Actually....I'll take 1% of that 12%...I mean, I don't want to be greedy.

You'll get none% of it and then pay Zenimax 60 bucks to buy DOOM 2 you worm!

-Zenimax CEO, probably

 

[wwm0nkey]

You'll get none% of it and then pay Zenimax 60 bucks to buy DOOM 2 you worm!

-Zenimax CEO, probably

I mean, I do want DOOM II

 

[jett]

Palmer Luckey is the gift that keeps on giving.

I wonder if Facebook will ever recoup the money they sunk into Oculus. What's it now with this judgment, $3.5 billion?

 

[FyreWulff]

oh my sweet lord that's a shitton of money

 

[jeffram]

Facebook bought oculus for what? $2.5B? This is effectively a 20% price increase to them.

 

[Tripolygon]

You never ask for little in lawsuits, you ask for 4 billion and they give you 500 million. Regardless, you still make out like a bandit.

 

[2blackcats]

So they won the lawsuit, but John Carmack's actions are in the clear?

Seems like it

A few Doom fans on that jury I bet.

 

[Compsiox]

Palmer Luckey is the gift that keeps on giving.

I wonder if Facebook will ever recoup the money they sunk into Oculus. What's it now with this judgment, $3.5 billion?

Indeed. I can't see them ever making it back. Their reputation is probably only going to get worse.

 

[Visualante2]

To me it feels like this settlement reflects what Facebook is worth rather than what Zenimax actually lost. It reminds me of how millionaires get more expensive speeding tickets in some scandinavian countries. Strange to think that if Oculus was still independent that this settlement might be much different. Maybe it would just bankrupt them? American justice is strange.

 

[Yoritomo]

I hope they pour some of it into Fallout 4 VR and Doom VR

 

[BumblebeeCody]

Luckey fucked up... again.

What an ironic name.

 

[SmoothRunningGun]

So now fb paid 2.5 billion for ...this. Got to have some buyers remorse.

 

[louiedog]

I hope they pour some of it into Fallout 4 VR and Doom VR

Wet 2: Virtually Wet

 

[MrTroubleMaker]

That said for a company like ZeniMax $500 million is a massive cash influx for them. They can do a hell of a lot with that kind of money.

That would be great if it actually went back into the company. But i have a feeling most will go directly to the owners pockets

 

[Visualante2]

Facebook bought oculus for what? $2.5B? This is effectively a 20% price increase to them.

they are probably burning through R&D and staffing costs as they move towards true VR tech rather than repurposed phone tech.

 

[tearsintherain]

Oculus/facebook got away with it, basically a slap on the wrist of a fine. By saying trade secrets were not stolen, it prevents Zenimax from pursuing the stuff Facebook was REALLY afraid of - getting a % of every rift sold, stopping the rift from being sold, patent infringements, etc.

They just had to pay $500m out which is nothing to a company like facebook, they earn around 35m/day in profits so thats basically 15 days of profits. Facebook is sitting on 20b+ in cash.

 

[hydrophilic attack]

this is one of those conflicts where i hate both sides

 

[SwiftDeath]

Seems like a good size settlement but Zenimax's CEO used to be a pretty high-powered lawyer I thought. So long as they can't lose this settlement outcome, I wouldn't be surprised if Zenimax keeps fighting for more even if it goes nowhere.

 

[RetroDLC]

It's good to hear Carmack got cleared of any wrongdoing.

 

[chrominance]

The part I don't understand is why award 500mil in damages if you didn't actually misappropriate trade secrets? I thought that was the whole thrust of the suit.

The OP and article both state that the jury found Palmer Luckey (and by extension, Oculus) in violation of an NDA. Presumably Polygon and other outlets are going over the full decision (or will once it's released) and can offer more details on the various parts of the case.

 

[Spukc]

Peanuts

 

[cw_sasuke]

Good..,talk about Karma.

 

[cleveridea]

I thought Carmack was just too smart to do anything compromising

Luckey on the other hand...

 

[GOOCHY]

I wonder how Facebook is feeling about Mr. Luckey after all the political turmoil last year and now this.

 

[sant]

$500 million is a rounding error for Facebook

 

[LordCanti]

At least Carmack is absolved in all this if I'm interpreting it correctly. Palmer is the one that broke the NDA, and it's Facebook that will have to pay for it by extension.

 

[Iva Demilcol]

So it wasn't Carmack but Luckey the one that costed them half a billion dollars?

Hope that counts to make Facebook review his contract or something.

 

[Sub_Level]

Its not even a lot of money compared to what zenimax wanted, much less for facebook.

 

[entremet]

Bullshit lawsuit and award. Not suprised it's Texas.

I don't give a shit for Luckey. He's horrible. But I can't stand for this BS ruling.

 

[Ivan A Nguyen]

"Ends"

Now it goes to the lands of appeals.

 

[Dark Ninja]

Got off easy.

 

[hanspampel]

Palmer Luckey is the gift that keeps on giving.

I wonder if Facebook will ever recoup the money they sunk into Oculus. What's it now with this judgment, $3.5 billion?

correct

2bn for the company (paid in FB stock, not cash)
700mln for employees
300mln for milestones
500mln lawsuit


edit: damn i missed the 500mln developing support

 

[Outrun]

That doesn't seem like that much.

1/8th of what ZeniMax wanted...

 

[mnz]

So it wasn't Carmack but Luckey the one that costed them half a billion dollars?

Hope that counts to make Facebook review his contract or something.

Yeah, I have a hard time understading who's at fault here when, especially since the court decided that "Oculus Didn't Misappropriate Trade Secrets From ZeniMax".

 

[bomma_man]

Maybe they aimed high so they could get awarded a fraction of it?

welcome to the world of litigation

 

[Salty Rice]

Good to hear. Fuck Luckey and Facebook.

 

[geordiemp]

So everryone behaved correctly except that sandal wearing guy - LOL

 

[LordCanti]

Yeah, I have a hard time understading who's at fault here when, especially since the court decided that "Oculus Didn't Misappropriate Trade Secrets From ZeniMax".

Palmer is at fault for breaking a non-disclosure agreement with Zenimax according to the decision.

 

[inky]

Should've been at least 1 Billion

 

[FlyinJ]

Zuckerberg already paid 2 billion for it.

Another $500 mil to buy out the lawsuit ain't much I guess.

In the court proceedings facebook said that the cost of purchasing Oculus turned out to be in excess of 3 billion.

 

[Stranya]

I imagine Zenimax will be delighted with that result.

 

[Velocity:Design:Comfort]

Maybe they aimed high so they could get awarded a fraction of it?

Isn't this how most lawsuits go?