One of the largest acquisition deals in gaming history is in the final stages of completion as now both the US and EU have approved Microsoft acquiring Zenimax for $7.5 billion.
While the US approved last week, the EU was still withstanding. That is, until just a short while ago. The commission provided the following formal statement:
“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,” says a European Commission statement. “The transaction was examined under the normal merger review procedure.”
Now the Xbox leadership can move forward with their plans to reveal what Bethesda is working on and details as to what comes next. While rumors are swirling about an event later this month, nothing official has been scheduled as of this writing. For more insight into the deal, it was a long topic on this week’s Bitcast.