Microsoft Makes Big Game Play, Buying Bethesda Software Parent ZeniMax For $7.5B
Dade Hayes Finance EditorMicrosoft has fortified its position in video games, paying $7.5 billion in cash to acquire ZeniMax Media, parent company of game publisher Bethesda Software.Bethesda is known for games like Fallout and Elder Scrolls, which will augment Microsoft’s offerings in its Game Pass service, which has more than 15 million subscribers. Game Pass is tied to the Xbox console, the anchor of the company’s video game presence.Microsoft said it expects the acquisition to close by the end of the year.