MICROSOFT LAUNCHES NEW “VAULT” SUBSIDIARY TO HOUSE BETHESDA
Microsoft has created a new subsidiary called the Vault which will be merged with the recently-acquired ZeniMax Media, Bethesda Softworks parent. The Vault will now house Bethesda.
The aptly-named subsidiary (Bethesda is well-known for its Fallout post-apocalyptic RPG series) was revealed via a document filed with the European Commission, declaring Microsoft’s intention to create the new entity as part of the ZeniMax merger.
The document is still preliminary, as the commission has allowed for third-party commentary on the matter until Feb. 15, saying that the new subsidiary does comply with all requirements “on preliminary examination” but “the Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.”
ZeniMax, including Bethesda, was purchased by Microsoft in September for $7.5 billion, the second largest acquisition in video game industry history behind Tencent’s $8.6 billion purchase of Clash of Clans developer Supercell.
Photo courtesy of Bethesda