INDEX

Highly Publicized Oculus VR Setbacks Are Not a Cause for Alarm

by Michael Inouye | 1Q 2017 | IN-4448

Two pieces of news seemed somewhat tough for Oculus and parent Facebook. First, a Dallas jury awarded ZeniMax US$500 million—the plaintiff asserted the defendant (Facebook/Oculus) stole propriety technology and violated an NDA. While the award was considerably lower than the US$4 billion ZeniMax originally sought, it effectively raises the purchase price of the VR innovator (assuming Facebook is not successful with its appeals). During the trial, Facebook also disclosed the purchase price of Facebook was actually closer to US$3 billion—US$700 million was added for staff retention bonuses, and US$300 million in other bonuses pushed the originally reported US$2 billion price higher.

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