Facebook's Oculus facing $500 million bill in copyright case
DALLAS - 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 infringing on the rights of a video-game maker.
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 products.
Oculus is on the hook for $300 million in damages. Iribe is responsible for $150 million, and Luckey is saddled with the remaining $50 million.
Oculus says it will appeal.
ZeniMax's board includes President Donald Trump's younger brother, Robert.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Surveillance video shows man stealing equipment intended for disabled children's fundraiser
Former BREC commissioner fatally shot outside home; Possibly connected to other shootings
Governor announces $10 million for Southern University infrastructure project
Suspect in killing of black men appears before judge today
WATCH: Man released from prison 13 years after wrongful murder conviction