Notes

Microsoft is Buying Bethesda's Parent Company for $7.5 Billion

Ives stated that while Xbox and gaming have had success in the past, Microsoft recognizes the need for growth in revenues from consumers. This deal will help propel that forward in a Monday-specific announcement on the acquisition.



Phil Spencer, executive vice-president of Xbox Business at Microsoft Corp. Speaking at the Xbox One X unveil event in Los Angeles, California, U.S.A on June 11, 2017.



Microsoft and Bethesda confirmed the details of the deal in separate statements on Monday morning. MINECRAFT SERVERS Head of Xbox Phil Spencer said Bethesda was a pioneer in the support of Xbox Game Pass that has also invested in cloud streaming of games.



Spencer stated that "all of their amazing work will continue to grow" and added that Microsoft would provide the resources and support needed to assist them in scaling their innovative ideas to new players.



Todd Howard, director and executive producer at Bethesda, said the trajectories of his company and Xbox "have been going hand in hand" since the companies first launched.



Howard wrote that "This one is more than one system or screen," in a blog post on Bethesda's website.



The ZeniMax purchase is around $1.5 billion more than the $5.9 billion Activision Blizzard paid to acquire the parent company of Candy Crush, King Digital, in 2014 and three times more than the $2.5 billion Microsoft paid to acquire Minecraft the same year.



Van Dreunen stated that Microsoft's recent deal with Microsoft shows Xbox is prepared to fight in the escalating platform battles. These are expected to gain pace later in the year with the planned release by Microsoft's Xbox Series X and Sony's PS5.



Investors were pleased with the news of the acquisition Monday. Microsoft's stock price rising about three percent by the end of Monday afternoon.


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