NEWS CATEGORIES:



NEWS ARCHIVE >>
SOFTPEDIA REVIEWS >>
MEET THE EDITORS >>
Home / News / Games

Games


ZeniMax Media Needed 105 Million to Purchase id Software

Looking to the future

By Andrei Dumitrescu, Games Editor

10th of July 2009, 07:23 GMT

Adjust text size:


Bethesda bought
Enlarge picture
A document filed with the Securities and Exchange Commission has revealed that ZeniMax Media, the parent company of Bethesda Softworks, has raised about 105 million dollars in capital in order to complete the buyout of id Software, the developer best known for having created Doom and its sequels.

The document, which was uncovered by paidContent, is dated for July 7 and the issuing of securities by ZeniMax began on June 23. It's not clear whether all the money that was raised went directly to finance the acquisition but it's an impressive sum to get for ZeniMax, which hints that some of it might be used for future development.

ZeniMax raised as much as 300 million dollars in 2007 and it has an impressive array of board members, like Jerome Bruckheimer, Calvin Ripken, Jr. and Leslie Moonves, helping the company when it comes to raising money.

ZeniMax has been putting together quite an impressive videogame portfolio in the last few years. Bethesda was acquired in 2001 and since then, the team has managed to put together the impressive The Elder Scrolls IV: Oblivion, added new content for it through DLC packs, an expansion, and, last year, launched another blockbuster in the form of Fallout 3, which has also received four DLC packs and is expecting a fifth, and a complete edition, which is set for fall. Work on The Elder Scrolls V is also rumored to be going on at Bethesda.

The acquisition of id Software allows ZeniMax to have another veteran development studio under its tutelage, one that specializes in a genre of videogames, shooters, which Bethesda has not been involved with. The first game id Software will be developing for Bethesda is not known for certain, but at the moment the studio is working on Wolfenstein, Doom 4 and Rage.

TAGS:

id Software | Bethesda | Fallout 3 | Rage | Doom 4
Read by 702 user(s) | Add comment | Link to this article TWEET THIS


Article rating:
NOT RATED 0 vote(s)    

Subscribe to news | Print article | Send to friend

© Copyright 2001-2009 Softpedia
Contact:

 

 

SEARCH THE NEWS ARCHIVE :




Today's News
| Yesterday's News | News Archive


MORE RELATED ARTICLES:


Steam Gets Fallout 3 Discount and 2K Huge Games Pack

ZeniMax Deal Won't Change id Software

Wolfenstein Gets Minimum PC Requirements

id Software Adds New Team for Mystery Project

Fallout 3 Point Lookout DLC Impressions

GameStop Breaks Street Date for Fallout DLC

BioShock and Elder Scrolls IV Bundles Are Coming

Nintendo, Blizzard and Ubisoft Are the Best Videogame Developers

User opinions:

No user comments yet.
Be the first to express your opinion using the form below!

Share your opinion:

Your Name:
Your Email Address:
(will not be used for commercial purposes)
Solve this to prove you're not a bot: =
Your review/opinion:

 




Windows tabGames tabDrivers tabMac tabLinux tabScripts tabMobile tabHandheld tabGadgets tabNews tab

SUBMIT PROGRAM   |   ADVERTISE   |   GET HELP   |   SEND US FEEDBACK   |   RSS FEEDS   |   ENTER NEWS SITE   |   ENGLISH BOARD   |   ROMANIAN FORUM