5 ms·
Facebook bought Oculus for $3B [1] 16% of the purchase price for infringing on an NDA is pretty damaging. I believe that'll be a good deterrent in the future.
by tabeth 10y ago
Facebook bought Oculus for $3B [1]
16% of the purchase price for infringing on an NDA is pretty damaging.
I believe that'll be a good deterrent in the future.
[1] http://uk.businessinsider.com/facebook-actually-paid-3-billion-for-oculus-vr-2017-1 http://uk.businessinsider.com/facebook-actually-paid-3-billi... (thanks for the correction, Cozumuel)
- MikusR 10y agoZenimax wanted 15% of company. 16% one time payment is cheaper.
- hkmurakami 10y agoNice to have a tax write-off too for FB. (Settlement sums can be offset against profits iirc)
- kgwgk 10y agoPaying X will reduce profits by that amount and taxes by a much lower amount. I'm not sure FB will consider the whole thing nice. I mean, having to pay twice as much would't be twice as nice.
- modeless 10y agoA deterrent for what? What's the lesson here? If you're a student don't sign an NDA on the off chance you'll later found a company and get acquired by Facebook for $2B? The real takeaway here is, if you have world-class tech guys working for you then don't support them, just tie them up in contracts, and when they leave and become successful you can sue them to get 25% of whatever they made, at zero risk to you.
- EugeneOZ 10y agoWorld-class tech guys should also respect contracts they sign. I respect his works and achievements, but I think his actions in this case were unfair. I only hope I don't know all details and my opinion is based on not all facts. I'd like to know my opinion is wrong.
- gcp 10y agoif you have world-class tech guys working for you then don't support them, just tie them up in contracts, and when they leave and become successful you can sue them to get 25% of whatever they made, at zero risk to you. He was free to not let id get bought out or to take a lower paying offering elsewhere.