Home Gaming Microsoft to buy ZeniMax Media, parent company of game studios like Bethesda...

Microsoft to buy ZeniMax Media, parent company of game studios like Bethesda and ID Software

Bethesda games will soon be coming to Game Pass.

What’s the skinny? Microsoft announced today that they are purchasing ZeniMax Media, which is the parent company of game developer studios like Bethesda, ID Software, among others. Barring any regulatory review issues, the deal will likely be completed by the second half of 2021.

Microsoft’s announcement of the ZeniMax purchase, which includes Bethesda, one of the most well-known game developers, the day before their new Xbox goes on pre-order, is marketing genius. Microsoft’s published announcement reads as if Microsoft is going to be walking into ZeniMax with a duffel bag of cash and plopping it down on a boardroom table to close the deal. “Microsoft will acquire ZeniMax Media for $7.5 billion in cash.”

“This is an awesome time to be an Xbox fan. In the last 10 days alone, we’ve released details on our two new consoles which go on pre-order tomorrow, launched cloud gaming in Xbox Game Pass Ultimate, and now we’re making another investment in the most critical part of our strategy: the games,” said Phil Spencer, executive vice president, Gaming at Microsoft. “Generations of gamers have been captivated by the renowned franchises in the Bethesda portfolio and will continue to be so for years to come as part of Xbox.”

“This is a thrilling day for this company, our employees, and our fans. We have enjoyed a close partnership with Microsoft for decades, and this deal is a natural progression of those years working together,” said Altman. “The big winners today are our fans. We are continuing to develop our slate of AAA games, but now with Microsoft’s scale and entire Game Stack, our games can only get better.”

ZeniMax Media may not be a name that you associate with AAA games, but the company has been around a long time. The company was founded in 1999 by Chairman and CEO Robert A. Altman. The Media giant currently employs 2,300 employees that span the globe in development studios that include: Bethesda Softworks, Bethesda Game Studios, id Software, ZeniMax Online Studios, Arkane, MachineGames, Tango Gameworks, Alpha Dog, and Roundhouse. The acquisition by Microsft will see their current ownership of game development studios grow from 15 to 23 once completed.

Avatar
Charles Leverehttps://www.riverbankwebdesign.ca/
Charles Levere is the editor-in-chief (dork-in-chief) of Urban Dork. When he is not writing, or tinkering with hardware, he is most likely playing one of his favorite video games. He also loves being near the water, kayaking, water skiing or anything that gets him on the water and in the sun.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Cyberpunk 2077’s rides of the dark future

Today Cyberpunk 2077 gave us a preview of some of the different vehicles you can own and drive around Night City. Choose...

How to run the Windows 10 system file checker and restore system files

Like everything else in Microsoft Windows, there are multiple ways to run the Windows 10 system file checker. Today I am going...

Two games are releasing on PC today, Partisans 1941 and Onee Chanbara ORIGIN

The first game releasing today is Partisans 1941, where you Take control of a group of Partisans resisting the German occupation Eastern...

Five games are releasing on PC today including G.I. Joe: Operation Blackout

Five games are releasing on PC today, including G.I. Joe: Operation Blackout, Red Wings: Aces of the Sky, Remothered: Broken Porcelain, Second...

How to boot your PC into safe mode in Windows 10

Like most things when it comes to Windows 10, there are several ways to boot your PC into safe mode. Windows has a...

Recent Comments