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"While Xbox and gaming have been successful, [Microsoft] recognizes the necessity for revenue from consumers growth and we believe this deal will directly drive along," Ives wrote in an article published on Monday about the acquisition.
Phil Spencer, executive vice president of Xbox Business for Microsoft Corp. The executive vice president of Xbox Business for Microsoft Corp., speaks during Microsoft Corp.'s Xbox One X reveal event ahead of the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on June 11, 2017.
Microsoft and Bethesda confirmed the details of the agreement in separate statements issued Monday morning. Xbox Game Pass Head Phil Spencer said Bethesda was a supporter of Xbox Game Pass, and has been investing in cloud streaming.
Spencer said that "all of their work will continue to expand" and added that Microsoft will provide the resources and support needed to assist them in scaling their innovative ideas to new players.
Todd Howard, executive producer at Bethesda and director of Bethesda said that the trajectories of his company and Xbox "have been hand in hand" ever since their first launch.
Howard wrote that "This one is more than one system or screen," in a blog post posted on Bethesda’s website.
The ZeniMax purchase is about $1.5 billion more than the $5.9 billion Activision Blizzard paid to acquire King Digital, the parent company of Candy Crush King Digital, in 2014 and about three times more than the $2.5 billion Microsoft paid to purchase Minecraft the same year.
Van Dreunen stated that Microsoft's recent agreement with Microsoft shows Xbox is prepared to fight in the escalating platform battles. They are expected to ramp up speed in the coming months with the planned release by Microsoft's Xbox Series X and Sony's PS5.
Minecraftservers
Investors responded favorably to Monday's acquisition news Microsoft's stock price gaining three percentage points by the end of Monday afternoon.
Homepage: https://minecraftservers.cc/
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