Microsoft to buy video game maker ZeniMax for $ 7.5 billion – The Denver Post
REDMOND, Wash. – Microsoft is buying the company behind the popular video games The Elder Scrolls, Doom and Fallout.
The software giant announced Monday that it would pay $ 7.5 billion for ZeniMax Media, the parent company of video game publisher Bethesda Softworks.
Microsoft said it was buying Bethesda in part to bolster its Xbox Game Pass game subscription service, which has more than 15 million subscribers.
Bethesda games, such as Starfield, currently in development, will launch on Xbox Game Pass the same day they launch on Xbox or desktop, Microsoft said.
Microsoft launched new consoles on November 10, the Xbox Series X and the light version of the S series. It will compete with Sony’s new PlayStation 5 console.
RW Baird analyst Colin Sebastian said the deal was part of a larger industry trend towards consolidation. Microsoft already has studios that make popular games, including Minecraft and the Halo franchise.
“We believe the deal ticks many boxes for Microsoft, such as strengthening the Xbox / Games division’s product portfolio as competition increases, improving the profile of Xbox subscription services and providing more content for the company’s cloud gaming initiatives, ”he wrote in an investor memo.
Microsoft Corp., based in Redmond, Wash., Expects the deal to close in the second half of fiscal 2021.