EU Sets March Deadline On Microsoft’s $7.5B Deal To Buy ZeniMax
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.