Microsoft to Acquire Bethesda Softworks’ Parent Company ZeniMax Media in $7.5 Million Deal

Microsoft announced Monday, Sept. 21, that they have entered an agreement to acquire ZeniMax Media, parent company to Rockville-based gaming publisher, Bethesda Softworks, for $7.5 million. 

The deal will bring best-selling game franchises such as “The Elder Scrolls”, “Fallout”, “Doom” and more to the Xbox console and PC. Bethesda’s future games such as “Starfield”, the highly anticipated space roleplaying game, will also appear on console and PC for Xbox gamers. 

Bethesda Softworks’ goal is to enhance their games for players and believes Microsoft can help. “Microsoft is an incredible partner and offers access to resources that will make us a better publisher and developer,” Pete Hines, vice president of Bethesda’s public relations and marketing, said. “We believe that means better games for you to play.”

With the acquisition, Microsoft’s creative studios will expand from 15 to 23. This includes keeping the structure and leadership of Bethesda Softworks in place, according to the press release.

“The big winners today are our fans,” said Robert A. Altman, Chairman and CEO of ZeniMax. “Now with Microsoft’s scale and entire Game Stack, our games can only get better.”

According to Geekwire, the ZeniMax deal is Microsoft’s third-largest acquisition ever. LinkedIn is the largest and Skype is the second largest. 

Bethesda Softworks is headquartered in Rockville.  ZeniMax is headquartered in Washington D.C.  ZeniMax has multiple divisions not only in Bethesda Softworks but also in Bethesda Game Studios, iD Software, Arkane Studios, Tango Gameworks, MachineGames and more. 

 

Like this post? Sign up for our Daily Update here.
Avatar

About Sydney Bullock

Sydney Bullock is a senior Multimedia Journalism major at the University of Maryland. You can reach her sbullock@mymcmedia.org or on twitter @sydxbull.

Comments

| Comments are closed.

Engage us on Facebook

Follow us on Twitter