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I remember them buying the name www.elderscrollsonline.com
The other bit of evidence is that a sum of money (either $3 million or $300 million) was given from Zenimax to Beth Soft. This could for the transfer of Beth soft employees to work at Zenimax Online or to buy the rights to use elder scrolls or fallout.
In other words, who knows? There are many different ideas and nothing has been officially stated. In fact not one official site of Beth Soft, Zenimax or Elder Scrolls gives any clues to this except people and press releases are stating that the Zenimax Online studio are connected to the company that make Elder scrolls and Fallout.
It could be true and I hope they make an elder scrolls MMO that knocks WoW fanboys into oblivion (no pun intended
Also Subtle, they would fix all that. Don't forget they have made the series all singleplayer...now they have the chance to make a MMO from scratch...so we're not talking about a singleplayer version turning into a MMO. We're talking about a company making a MMO from scratch, knowing full well what players want to do