EU gives green light to Microsoft’s $7.5 billion ZeniMax acquisition
The European Union has approved Microsoft Corp.’s $7.5 billion acquisition of ZeniMax Media Inc., the parent company of videogame publisher Bethesda Softworks.
Microsoft said it was going to buy ZeniMax back in September, but the company still had to get the approval of both U.S. and E.U. regulators. Now the deal looks set, following a blessing from European Commission, the EU’s executive authority.
It’s largest gaming acquisition by far in Microsoft’s history. The second-largest acquisition for the company was in 2014 when it bought “Minecraft” publisher Mojang AB.
Bethesda is well-known in the gaming industry after publishing immensely popular game franchises such a”Fallout” and “The Elder Scrolls.” The acquisition also includes the takeover of Id Software, the publisher of the iconic game “Doom.” Microsoft can now add those titles and myriad others to its console and PC libraries.
“The Commission concluded that the proposed acquisition would raise no competition concerns, given the combined entity’s limited market position upstream and the presence of strong downstream competitors in the distribution of video games,” the European Commission said in a statement. “The transaction was examined under the normal merger review procedure.”
The acquisition is part of Microsoft’s vision to create an ecosystem of games that will include its Xbox consoles as well as streaming for games. The company launched its xCloud game streaming service in 2020. It arrived on Android in September and it was just announced that xCloud will soon be coming to iOS.
Photo: Xbox
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