Microsoft Buys ZeniMax for $7.5 billion

Microsoft (Nasdaq: MSFT) on Monday announced plans to acquire ZeniMax Media, the parent company of Bethesda Softworks, one of the largest, privately held game developers and publishers in the world.

The Elder Scrolls and Fallout are two of the most popular games the company produces. Games are fueling new cloud-gaming services like Xbox Game Pass, which has reached a new milestone of over 15 million subscribers.

Microsoft Corp. announced its board of directors declared a quarterly dividend of $0.56 per share, a 10% increase over the previous quarter’s dividend. The dividend is payable Dec. 10, 2020, to shareholders of record on Nov. 19, 2020. The ex-dividend date will be Nov. 18, 2020.

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