Notes

Microsoft Is Buying Bethesda's Parent Company From $7.5 Billion.

Ives stated that while Xbox and gaming have proven successful in the past, Microsoft recognizes the need for consumer-based revenue growth. EXTREMECRAFT This deal will propel that forward, during a briefing on Monday on the acquisition.



Phil Spencer, executive vice president of Xbox Business for Microsoft Corp. He speaks at the company's Xbox One X reveal event prior to the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on June 11 on the 11th of June, 2017.



Microsoft and Bethesda confirmed details of the deal in separate statements on 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 stated that "all of their amazing work will continue to grow" and added that Microsoft will provide the necessary resources and support to help them expand their creative ideas to new players.



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



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



The ZeniMax purchase is around $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 in the same year.



Van Dreunen said Microsoft's latest deal indicates that Xbox is ready for the escalating platform wars which are expected to gain momentum in the coming months with the upcoming launch 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 gaining about three points by the afternoon of Monday.


Homepage: https://extremecraft.net/