ZeniMax Raises More Cash, Bethesda Probably Has More Acquisitions in Mind

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ZeniMax MediaZeniMax Media, the parent of game publishers and developers such as Bethesda Softworks and id Software, has raised an additional $150 million of capital. ZeniMax has closed a $150 million investment by Providence Equity Partners, in the form of convertible preferred stock. The company stated that "The proceeds will be used to fund additional growth through increased game development, expanded publishing operations, and strategic acquisitions." Despite that, what limited indications there are for this privately held company suggest that ZeniMax has sufficient cash for operations, and is probably planning further acquisitions.

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This page contains a single entry by Editor published on October 6, 2010 11:17 AM.

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