Microsoft's buyout of Fallout-maker approved by worldwide regulators

Microsoft gets the full greenlight to acquire ZeniMax Media and all subsidiaries in one of gaming's biggest billion-dollar deals.

@DeekeTweak
Published Mon, Mar 8 2021 10:25 AM CST   |   Updated Fri, Apr 9 2021 6:31 AM CDT

Worldwide regulators have approved Microsoft's buyout of ZeniMax Media, solidifying one of the biggest acquisitions in gaming history.

Microsoft's buyout of Fallout-maker approved by worldwide regulators 5 | TweakTown.com

Both the SEC and the European Commission have greenlit Microsoft's $7.5 billion buyout of Bethesda parent company ZeniMax Media. Today, the European regulation board endorsed the takeover today with "unconditional approval" under Article 6(1)(b):

"The Commission concluded that the proposed acquisition would raise no competition concerns, given the combined entity's limited market position upstream and the presence of strong downstream competitors in the distribution of video games. The transaction was examined under the normal merger review procedure," the European Commission said in a press statement.

The news comes shortly after ZeniMax Media majority stakeholder Providence Equity inadvertently confirmed the acquisition's approval. Microsoft purchased Providence Equity's stake for an undisclosed sum, promising a six-fold return for their share value.

Microsoft has also issued a new share exchange offering with 30-year maturity rates to help raise the $7.5 billion capital for the ZeniMax acquisition.

Buy at Amazon

Fallout 4 - Xbox One

TodayYesterday7 days ago30 days ago
$2.00$2.00$2.50
* Prices last scanned on 4/22/2021 at 5:18 pm CDT - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.
NEWS SOURCE:ec.europa.eu

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles