The European Union (EU) regulator has set a March 5 provisional deadline to take a decision on whether to allow Microsoft to buy ZeniMax Media for $7.5 billion. Shares of Microsoft (MSFT) were up by 1.4% in pre-market trading on Monday. The company announced the acquisition of ZeniMax Media last year for $7.5 billion in cash. ZeniMax Media is the parent company of Bethesda Softworks, a privately held game developer and publisher. The company had stated during the announcement that with the acquisition, Bethesda’s franchises including The Elder Scrolls and Fallout would be added to Microsoft’s Xbox Game Pass, if the deal would go through.
https://www.tipranks.com/news/eu-sets-march-deadline-on-microsofts-7-5b-deal-to-buy-zenimax