ZeniMax secures $150m for development and acquisitions
Owner of Bethesda set to add more talent to a portfolio that already includes Rage, Fallout and Elder Scrolls
The Bethesda Softworks division, founded in 1986, has a long history of success as a developer and publisher...
Bethesda parent company ZeniMax Media has secured a further $150 million for future game development and acquisitions.
Funding is from Providence Equity Partners, with ZeniMax stating the money will be used for "additional growth through increased game development, expanded publishing operations, and strategic acquisitions," and follows $300 million investment in 2007.
"Though a number of prominent private equity firms offered to invest with us on attractive terms, we chose Providence as they have proved to be an ideal partner for us over the past three years as we built our business," said ZeniMax founder Robert A. Altman
ZeniMax subsidiary Bethesda Softworks owns Bethesda Game Studios, makers of Fallout 3 and Elder Scrolls IV: Oblivion, and recently bought Quake and Doom team id Software and Arkane Studios, creators of Arx Fatalis.
"Since our original investment in 2007, ZeniMax Media has tripled the size of its development portfolio and assembled an extraordinary library of major game franchises, along with some of the best development talent in the world," added Providence managing director Michael Dominguez.
ZeniMax also owns ZeniMax Online Studios, a company working on massively multiplayer games, and Vir2L, a casual and mobile games division.