Microsoft’s Bethesda Buyout to Intensify Console Gaming War

Microsoft MSFT is leaving no stone unturned to make the launch of the highly awaited next-generation Xbox Series X gaming console, which is scheduled to release on Nov 10, 2020, a blockbuster hit.

The tech giant recently announced its intentions to acquire leading video game developer Bethesda Softworks’ parent company ZeniMax Media for an all-cash deal valued at $7.5 billion.

The deal will help boost the subscriber base for Xbox Game Pass service as Microsoft will be adding Bethesda’s popular AAA titles to its Game Pass roster. At present, the subscription service has 15 million users.

Rockville, MD-based Bethesda Softworks boasts a robust IP portfolio and exclusive AAA console and PC game content, with popular video titles like The Elder Scrolls, DOOM, Quake, Wolfenstein, and Fallout, under its banner.

Moreover, Microsoft, currently carrying a Zacks Rank #3 (Hold), is likely to make the upcoming Bethesda

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