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 a growth in revenue from consumers. This deal will propel that forward in a Monday briefing on the acquisition.



Phil Spencer, executive vice-president of Xbox Business at Microsoft Corp., speaks 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 Monday morning. Minecraft Crafting 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 said that "all of their great work will continue to expand" and added that Microsoft will provide the necessary resources and support to help them scale their creative 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 two companies launched.



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



The ZeniMax purchase is about $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 buy Minecraft the same year.



Van Dreunen said Microsoft's latest deal shows Xbox is prepared for the escalating platform wars that are expected to pick up momentum in the coming months with the upcoming release of Sony's PS5 and Microsoft's Xbox Series X.



Investors reacted favorably to the news of Microsoft's acquisition on Monday, with Microsoft's stock price rising about three points by Monday afternoon.


My Website: https://minecraft-crafting.org/