Microsoft said Monday that it is buying ZeniMax, the parent company of video game publisher Bethesda Softworks, for $7.5 billion in cash. The deal will see popular games such as Fallout, The Elder Scrolls, and Quake join Microsoft’s Xbox division. Bethesda is one of the largest privately-held game companies in the world with 2,300 employees worldwide. The acquisition, Microsoft’s largest in the...
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The Electric electric vehicles
The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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