Facebook’s Oculus ordered pay USD500 mn in suit on stolen tech

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Robert Altman, ZeniMax’s chairman and chief executive, said in the statement: “Technology is the foundation of our business and we consider the theft of our intellectual property to be a serious matter.”

Facebook acquired Oculus in 2014 for more than USD 2 billion and last year began selling the Rift headsets as part of the social network’s push into virtual reality.

According to the ZeniMax allegations, the four founders of Oculus had no expertise or backgrounds in VR other than Palmer Luckey.

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