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Facebook Settles Lawsuit Over Oculus VR Technology

Facebook has settled a lawsuit filed against it by videogame publisher ZeniMax Media, which had accused the social network’s Oculus virtual reality unit of stealing its intellectual property.  The companies didn’t disclose how much Facebook paid to settle the lawsuit, which mostly concerned actions that occurred before Oculus was acquired for $2 billion in 2014. Facebook had appealed a jury ruling in the case last year that had awarded ZeniMax $500 million damages, a figure that was later lowered to $250 million. The settlement likely won’t result in any change in Facebook’s plans for virtual reality, a category to which it still seems to be committed despite disappointing sales of Oculus headsets. At least the settlement closes the chapter on one of several controversies Facebook is facing.

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