Microsoft today announced their quite surprising purchase of ZeniMax Media, the parent company of Bethesda Softworks, the publisher of two major franchises: Elder Scrolls and Fallout. According to Microsoft, Bethesda Softworks offers a remarkable collection of tech, talent, and games, along with extraordinary success.

Microsoft will purchase ZeniMax Media for $7.5 billion, which will be paid for in cash, and the acquisition process will be completed in the latter half of the 2021 fiscal year. In November, the software giant will be releasing the first update to the Xbox gaming console – the Xbox Series X – the first update to the system since it launched in 2013. The updated system will feature numerous upgrades, despite the prediction that consumers are increasingly becoming more reliant on cloud-hosted games.

Other notable entities that ZeniMax owns include Bethesda Game Studios, ZeniMax Online Studios, Tango Gameworks, id Software, Roundhouse Studios, and Alpha Dog. Collectively, the company employs more than 2,300 people around the globe. Phil Spender, the executive vice president of Microsoft, notes that gamers have been captivated by the prominent franchises that are part of the Bethesda collection for generations, and that future generations will continue to be captivated by the franchises.

A note: You’re going through an archived news piece. Now, although I’m mostly focusing on Tech News (and the name of the site is My Side of Tech), I’m actually a gamer at core, so sometimes I jump out of tech and cover the most important Gaming News.