Good gaming titles are the lifeblood of every gaming console. Microsoft wants to take billions of dollars in hand to buy the Xbox. The green light has now been given to the takeover from Brussels.
BRUSSELS – The European Union Commission has given the green light to US software giant Microsoft’s acquisition of Zenimax Media. The commission announced Monday that the planned move was unobjectionable in terms of competition law.
Zenimax is the parent company of Bethesda Softworks and several other game developers. Through its studios, the company is responsible for successful games such as “Doom,” “Fallout,” or “The Elder Scrolls,” and according to its own information, it employs about 2,300 employees.
With the acquisition of $ 1 billion, Microsoft wants to boost its gaming division around the Xbox game console. The company announced the acquisition agreement in September. Accordingly, Microsoft pays US $ 7.5 billion (6.4 billion euros) in cash.
Zenimax is headquartered in Washington, DC and was established in 1999. The company will continue under the Microsoft corporate umbrella in its usual structure and with its former management team. The US Securities and Exchange Commission had already approved the acquisition in front of European Union competition authorities, as many media reported. Upon request, Microsoft initially did not comment on the European Union Commission’s decision.
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