Carmack strikes back for $22.5 million.
[quote]
John Carmack, the chief technology officer of Facebook-owned Oculus, sued ZeniMax Media on Tuesday, saying it still owes him money from buying the video game studio that he founded. Maryland-based ZeniMax bought id Software, a Richardson-based video game studio, in 2009. Carmack left the company in 2013 to become Oculus’ CTO.
The lawsuit says ZeniMax agreed to pay $150 million for the purchase. Now, nearly eight years after the sale, it says ZeniMax refuses to pay the final installment of cash it owes Carmack or let him convert it into shares of stock.[/quote]