News
ZeniMax Media Recieves $300 Million in FundingShaking things up in the business world today, Bethesda Softworks' parent company ZeniMax Media has announced that they've secured $300 million in funding by selling off an unnamed amount of preferred stocks to Providence Equity Partners Inc. The money will be used to "fund future growth, increase game development and publishing, facilitate acquisitions, and finance massively multiplayer online games (MMOGs)." Here's a little snippet from the press release: "We believe that Providence will be an ideal partner for us as we build our businesses worldwide in the years ahead. Providence shares our strategic vision for the Company and is excited by the opportunity to help us move into a position of leadership in this industry,” said Mr. Altman. “We are pleased to partner with one of the best managed companies in the videogame industry,” said Michael Dominguez, a Managing Director of Providence. “ZeniMax Media has an outstanding series of proven interactive entertainment content and a burgeoning position in the rapidly growing global video game market. We look forward to working with Robert to build value at ZeniMax Media over the long-term.” I'm sure Bethesda will put the cash to good use. :D
CommentsUnregistered users are required to complete an image verification.
Latest headlines
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
