richardsthompson080980

p>"While Xbox and gaming have been successful, Microsoft recognizes its requirement for consumer-based revenue growth which we believe this deal will directly help to achieve," Ives wrote in an interview on Monday regarding the acquisition.

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p>Phil Spencer, executive vice-president of Xbox Business at Microsoft Corp. https://www.yurock.net/ Speaking at the Xbox One X unveil event in Los Angeles, California, U.S.A on June 11, 2017.

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p>In separate statements released Monday morning, Bethesda and Microsoft confirmed the details of the deal. The head of Xbox Phil Spencer said Bethesda was an early supporter of Xbox Game Pass that has also been investing in cloud streaming of games.

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p>Spencer stated that "all of their amazing work will continue to grow" and added that Microsoft will provide the necessary resources and support to help them scale their creative visions to new players.

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p>Todd Howard, director and executive producer at Bethesda, said the trajectories of his company and Xbox "have gone hand in hand" since the two companies launched.

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p>Howard wrote that "This one is more than one system or screen," in a blog post on Bethesda's website.

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p>The ZeniMax purchase is around $1.5 billion more than the $5.9 billion Activision Blizzard paid to acquire Candy Crush's parent company, King Digital, in 2014 and three times more than the $2.5 billion Microsoft paid to purchase Minecraft the same year.

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p>Van Dreunen stated that Microsoft's recent partnership with Microsoft indicates that Xbox is prepared to fight in the ever-growing battles between platforms. The Xbox Series X and PS5 are expected to gain pace later in the year and will be followed by the release scheduled by Microsoft's Xbox Series X and Sony's PS5.

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p>Investors reacted favorably to the news of the acquisition Monday. Microsoft's stock price increasing by around three percent by the end of Monday afternoon.

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