Microsoft Corporation Purchases Bethseda Softworks for $7.5 Billion

Microsoft Corporation is an American international technology company and has headquarters in Redmond, Washington. It grows, produces, authorizes, supports, and trades personal computers, computer software, electronics, and related services.

The mission of Microsoft Corporation is to empower every organization and person across this globe to achieve more. This statement or mission clearly states that Microsoft Corporation aims to empower the people and organizations. This vision or empowerment is attained by the utility of the computing products of Microsoft Company.

Zenimax Media Inc. is a company which manages the video game, generally based in Maryland and Rockland, founded in 1999. The company maintains the owners of Arkane Studios, Gameworks, Arkane Studios, id Software, MachineGames, publisher Bethesda Softworks and Zenimax online studios. Zenimax has the power of 2,000 employees and has offices all over Europe, Australia, Asia, and North America. It produces and publishes unique and innovative content for gaming consoles, Personal Computers (PC), and mobile devices.

To strengthen the Microsoft Xbox video game offering the studio behind titles for example Fallout and the Doom reboot, Microsoft Corporation announced that it is going to attain Zenimax Media for $7.5 billion that too in cash.
The developer of the hits such as The Elder Scrolls, Dishonored, and Wolfenstein, is Bethseda Softworks, which is the subsidiary company of Zenimax.

The deal with Zenimax was assigned after the week of Microsoft’s failure regarding the bidding for the short video entertainment app Tiktok’s US assets. Rather than the outright sale, Tiktok as opted for a partnership deal with Walmart and Oracle.

Microsoft made a statement that it is planning to launch future games by Bethesda into the Xbox monthly game pass subscription service after they introduce on Personal Computer or Xbox. In addition to that, Microsoft said that currently this subscription plan has more than 15 million subscribers, and regarding the leadership and structure will remain as it is.

Gaming is on the peak because of the upsurging demand from the users who are stuck-at-home due to the COVID-19 pandemic. As the users have faith in the Microsoft corporation, so it is exploring new ways to cater to the needs regarding playing via the cloud service and consoles at various price points.

It also said that the ZeniMax deal will close the contract during the second half of the fiscal year 2021, and have negligible influence over the adjusted operating income during fiscal years 2021 and 2022.