Wednesday, February 10, 2021
Microsoft has formed a new subsidiary division named ‘Vault’, created to help facilitate its upcoming acquisition of Bethesda parent company ZeniMax Media. Referencing Bethesda's Fallout series, Microsoft's ‘Vault’ subsidiary was discovered in a document on the European Commission's website (via Eurogamer), as the governing body considers whether to approve the ZeniMax/Microsoft merger by next month.
"The concentration is accomplished by way of a merger pursuant to which a newly created Microsoft subsidiary ('Vault') will be merged with and into ZeniMax,” the document states, alongside various other legal stuff pertaining to Microsoft acquiring ZeniMax in a $7.5 billion deal.
Apparently, creating a subsidiary like this is not uncommon, as per EA's recent acquisition of Codemasters for $1.2 billion, which saw the company forming ‘Codex Games Limited’ to facilitate its own deal with the UK racing game studio. With ‘Vault’, it seems that there are no issues with the ZeniMax/Microsoft deal to go ahead, with the EU set to make its decision on the agreement by 5th March 2021.
“On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation,” the document adds. “However, the final decision on this point is reserved.”
Wednesday, February 10, 2021 @ 11:56 AM
Wednesday, February 10, 2021 @ 01:40 PM