Microsoft moves one step closer to finalizing its Bethesda acquisition
Summary
Microsofts purchase of Bethesda has been approved by The United States Securities and Exchange Commission (SEC). While its not the final hurdle for Microsoft to clear - the acquisition still has to be approved by the European Commission - the "Notice of Effectiveness" filed Stateside earlier this week does bring the takeover one step closer to completion. The Notice of Effectiveness was filed alongside a prospectus, a document full of legalese that confirms the details of the acquisition, including that $7.5 billion price tag (thanks, Gamespot). Microsoft is still awaiting the judgment of the European Commission, however, and the provisional deadline for antitrust regulators to clear the deal and ensure it doesnt break the rules around industry competition - March 5 - has passed without public comment. In a staff Q&A session Google Stadia’s general manager Phil Harrison reportedly “pointed specifically to Microsoft’s buying spree and planned acquisition of Bethesda Software later this year as one of the factors that had made Google decide to close the book on original game development".” This, as well as the COVID-19 pandemic and the “rising costs of game development” were apparently also a factor in the decision.
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