Samsung Shares Tumble 8% as $79 Billion Return Plan Disappoints 
SoftBank Plans Record $6.3 Billion Bond Sale to Fund OpenAI Investments 
Amazon to Expand Drone Delivery to 500 U.S. Locations 
SK Hynix Shares Fall as Workers Reject Wage Deal 
Alibaba Shares Fall as AI Spending Hits Profit 
Samsung Eyes $72 Billion Shareholder Return Plan as AI Chip Boom Fuels Profits 
Nvidia Options Price in $280 Billion Earnings Swing 
Want to muck around with a real quantum computer? Now you can 
Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth 
The importance of teaching students what AI can’t do 
Xiaomi Unveils Xring O3 Chip for Flagship Foldable Phone 
Luxshare Shares Rise as First-Half Profit Jumps 18% 
TikTok, DOJ Reach $400 Million Children’s Privacy Settlement 
SK Hynix Shares Surge on Record $28.6 Billion Buyback 
Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks 
Apple Cuts Over 200 Siri, Vision Pro Jobs in AI Shift 
Unitree Shares Plunge 45% After Blockbuster IPO, Raising China Tech Bubble Fears 
Add as a preferred source on Google
It looks like ZeniMax is closing on gaining the Virtual Reality landscape this year. The company announced that it has picked up Escalation Studios, who is known in the industry for developing the VR port of Please, Don’t Touch Anything! And the Oculus-published Herobound: Gladiators, Upload VR reported. ZeniMax already owns game publisher Bethesda Softworks.
ZeniMax and Escalation have already worked together on at least one project: the SnapMap game editor for Bethesda-published Doom, which was released last year. With the latest acquisition, Escalation will probably help out Bethesda in developing more video games for the Oculus platform, as a press release notes that the studio “will continue to contribute its talents across PC, console, mobile, and VR titles going forward.”
"We are proud of the incredible team that has helped make Escalation such a success. We can't wait to see what the studio is capable of with the support of such a great company as ZeniMax, added Tom Mustaine, Co-Managing Director of Escalation Studios.
The press release came at the heels of the verdict for its USD500 million lawsuit against Facebook’s virtual-reality subsidiary and two of its founders. Mercury News reports that Oculus and co-founders Palmer Luckey and Brendan Iribe were found by a Dallas, Texas jury to have indeed infringed ZeniMax’s copyrights and trademarks for their own projects, most notably the Oculus Rift.
ZeniMax said in a statement, “While we regret we had to litigate in order to vindicate our rights, it was necessary to take a stand against companies that engage in illegal activity in their desire to get control of new, valuable technology.”
Oculus has since revealed that it will pursue an appeal.
