Microsoft’s $7.5 Billion Acquisition of ZeniMax Media

Simpson Thacher is representing Microsoft Corporation, while Skadden, Arps, Slate, Meagher & Flom is advising ZeniMax Media on the deal.

Microsoft (Nasdaq: MSFT) 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. Under the terms of the agreement, Microsoft will acquire ZeniMax Media for $7.5 billion in cash.

The planned acquisition includes publishing offices and development studios spanning the globe with over 2,300 employees, including Bethesda Softworks, Bethesda Game Studios, id Software, ZeniMax Online Studios, Arkane, MachineGames, Tango Gameworks, Alpha Dog, and Roundhouse Studios.

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

ZeniMax Media is a privately-owned media organization headquartered outside Washington DC with international publishing offices around the globe. Through its subsidiaries, ZeniMax Media creates and publishes original interactive entertainment content for consoles, PCs, and handheld/wireless devices.

The Simpson Thacher team includes Alan Klein (Picture), Anthony Vernace, William Allen, Lauren Kim and Brian Kloeblen (M&A); Greg Grogan, Patricia Adams and Jake Phillips (Executive Compensation and Employee Benefits); Lori Lesser, Corina McIntyre and Bobbie Burrows (Intellectual Property); Jonathan Goldstein, Eli Shalam and Sophie Staples (Tax); and Krista McManus (Real Estate).

The Skadden team includes M&A partners Howard Ellin and Ann Beth Stebbins; counsel Thad Hartmann, associate Rachel Arnett and law clerk Sarah Speight; Antitrust/Competition partners Clifford Aronson and Frederic Depoortere; Tax partners David Rievman and Brian Krause; Executive Compensation and Benefits partner Regina Olshan and counsel Page Griffin; and Intellectual Property and Technology partner Jose Esteves.

Involved fees earner: Patricia Adams – Simpson Thacher & Bartlett; William Allen – Simpson Thacher & Bartlett; Bobbie Burrows – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Gregory Grogan – Simpson Thacher & Bartlett; Lauren Kim – Simpson Thacher & Bartlett; Alan Klein – Simpson Thacher & Bartlett; Brian Kloeblen – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Corina McIntyre – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Jacob Phillips – Simpson Thacher & Bartlett; Eli Shalam – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; Anthony Vernace – Simpson Thacher & Bartlett; Rachel Arnett – Skadden Arps Slate Meager & Flom; Clifford Aronson – Skadden Arps Slate Meager & Flom; Frederic Depoortere – Skadden Arps Slate Meager & Flom; Howard Ellin – Skadden Arps Slate Meager & Flom; Jose Esteves – Skadden Arps Slate Meager & Flom; Page Griffin – Skadden Arps Slate Meager & Flom; Thad Hartmann – Skadden Arps Slate Meager & Flom; Brian Krause – Skadden Arps Slate Meager & Flom; Regina Olshan – Skadden Arps Slate Meager & Flom; David Rievman – Skadden Arps Slate Meager & Flom; Ann Beth Stebbins – Skadden Arps Slate Meager & Flom;

Law Firms: Simpson Thacher & Bartlett; Skadden Arps Slate Meager & Flom;

Clients: Microsoft; Zenimax Media Inc;

Author: Ambrogio Visconti