The company created famous gaming franchises including The Elder Scrolls and Fallout among many others
Microsoft will acquire popular video game company. Source:?shutterstock.com
Microsoft has announced the acquisition of ZeniMax Media, the parent company of Bethesda Softworks.
Under the terms of the agreement, Microsoft will purchase the company for $7.5 billion in cash.
With the addition of Bethesda, Microsoft will grow from 15 to 23 creative studio teams. It will be adding Bethesda’s franchises to Xbox Game Pass as well.
The planned acquisition includes publishing offices and development studios spanning the globe with over 2,300 employees. That includes Bethesda Softworks, Bethesda Game Studios, id Software, ZeniMax Online Studios, Arkane, MachineGames, Tango Gameworks, Alpha Dog, and Roundhouse Studios.
We’ve reported that the global gaming industry will be worth at least $159.3 billion in 2020. That’s almost three times bigger than the music industry, whose revenues in 2019 were $57 billion.
SEE ALSO:
Pay Space
Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.
