19 C
Jaipur
Friday, October 30, 2020

Microsoft buys Doom-owner ZeniMax for $7.5 billion – Latest News

Must read

​Amazon sale: Power banks, earbuds and other accessories available at up to 88% discount

​Amazon sale: Power banks, earbuds and other accessories available at up to 88% discount Source link

Want WhatsApp features before others? Here's step-by-step guide to become a beta tester

Want WhatsApp features before others? Here's step-by-step guide to become a beta tester Source link

How To Use pulseaudio-dlna To Stream Audio From Ubuntu 20.10 To Chromecast Devices

pulseaudio-dlna is a streaming server which allows streaming audio from your Linux computer to a Chromecast or DLNA / UPNP device in the same...

Nokia cuts full-year profit forecast, announces new strategy – Latest News

STOCKHOLM/HELSINKI: Nokia cut its full-year profit forecast even as the telecom network equipment maker's quarterly underlying profit met expectations in its first earnings under...

Microsoft Corp said that it would acquire ZeniMax Media for $7.5 billion in cash, strengthening its Xbox video game offering with the studio behind titles such as Fallout and the Doom reboot.

ZeniMax is the parent company of Bethesda Softworks, which has also developed hits including The Elder Scrolls, Wolfenstein, and Dishonored.

The deal comes more than a week after Microsoft’s failed bid for short video app TikTok’s US assets. TikTok has currently structured the deal as a partnership with Oracle and Walmart rather than an outright sale.

Microsoft said it plans to bring Bethesda’s future games into its monthly Xbox Game Pass subscription service when they launch on Xbox or PC. The game pass now has more than 15 million subscribers, Microsoft added.

Bethesda’s structure and leadership will remain in place, Microsoft said.

Gaming is on a tear due to demand from stuck-at-home users during the COVID-19 pandemic and Microsoft has put its faith in offering users many ways to play via its cloud service and consoles at different price points.

Microsoft said the ZeniMax deal will close in the second half of fiscal year 2021, and have minimal impact on adjusted operating income in fiscal years 2021 and 2022.

Source link

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

​Amazon sale: Power banks, earbuds and other accessories available at up to 88% discount

​Amazon sale: Power banks, earbuds and other accessories available at up to 88% discount Source link

Want WhatsApp features before others? Here's step-by-step guide to become a beta tester

Want WhatsApp features before others? Here's step-by-step guide to become a beta tester Source link

How To Use pulseaudio-dlna To Stream Audio From Ubuntu 20.10 To Chromecast Devices

pulseaudio-dlna is a streaming server which allows streaming audio from your Linux computer to a Chromecast or DLNA / UPNP device in the same...

Nokia cuts full-year profit forecast, announces new strategy – Latest News

STOCKHOLM/HELSINKI: Nokia cut its full-year profit forecast even as the telecom network equipment maker's quarterly underlying profit met expectations in its first earnings under...

payments technology: JPMorgan backs UK payments technology company Icon Solutions – Latest News

JPMorgan Chase & Co has made a strategic investment in Icon Solutions, a UK-based company that advises and provides technology to banks to help...