ZeniMax Media is a company that owns well known game studios Bethesda, id Software, Arkane, and other studios that created plenty of popular games. The full list includes Bethesda Softworks, Bethesda Game Studios, id Software, ZeniMax Online Studios, Arkane, MachineGames, Tango Gameworks, Alpha Dog, and Roundhouse Studios.
The deal is costing Microsoft $7.5 billion. There will now be 23 studios in the Xbox Game Studios family. The acquisition also includes the 2,300 employees of Zenimax and its studios situated across the world.
Microsoft is about to feature those studios' upcoming titles in Xbox Game Pass, on Xbox and traditional PC. There are also popular franchises, such as Fallout, Elder Scrolls, Wolfenstein, DOOM, Dishonored, Prey, Quake, Starfield etc, that will have a new home in Xbox.
The announcement says:
All of our work, and the foundation of our relationship with you, starts with a commitment to deliver a breadth of amazing games to discover and play on Xbox. Over the last few weeks, we’ve been excited to share more detail on important elements of a plan we’ve been building towards for years. A plan that is the fulfilment of a promise, to you the Xbox player, to deliver the most performant, immersive and compatible next-generation gaming experiences, and the freedom to play blockbuster games with your friends, anytime, anywhere. Today is a landmark step in our journey together and I’m incredibly energized by what this step means for Xbox.
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