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ZeniMax Obtains $105 Million In Financing For id Acquisition
by Chris Remo [PC, Console/PC]
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July 7, 2009
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According to newly filed documents, Bethesda Softworks (Fallout 3) parent company ZeniMax Media secured $105 million in debt financing for its recent acquisition of developer id Software.
The funding was revealed in an SEC filing, as reported by paidContent. It is dated today, July 7, with sales of ZeniMax's securities having begun June 23.
The specific total value of the id deal itself was not disclosed; nor was the identity ZeniMax's investors, which number seven according to the filing. ZeniMax's impressive slate of board members, which include Jerome "Jerry" Bruckheimer, Calvin "Cal" Ripken, Jr., and Leslie "Les" Moonves, signed off on the deal.
ZeniMax's total publicly-disclosed financing now nears half a billion dollars over the last two years. The company raised $300 million in 2007 for acquisitions, development, and MMO funding, followed by nearly $10 million the following year.
The company, primarily through Bethesda, which it acquired in 2001, is racking up an increasingly impressive development and publishing empire.
Recently, it has acquired the Fallout license from Interplay, is branching out into other media with its own The Elder Scrolls creation, established an MMO subsidiary, expanded the worldwide reach of its publishing efforts, and has been signing high-profile third-party developers.
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