Posts Tagged ‘Zenimax’
ZeniMax raised $105 million in order to acquire id Software
In a new filing with the SEC, media house ZeniMax, owner of Bethesda Softworks, revealed that the company had raised $105 million USD in order to buy id Software. The company noted that it raised the money in “convertible notes and promissory notes issued in connection with the acquisition of substantially all of the assets of Id Software, Inc.”. We don’t know exactly what Promissory Notes are, but we now have an idea what ZeniMax paid for id Software: around $100 million. The company did not reveal the price, but one can only think that it’s north of $100m, as ZeniMax isn’t exactly cash strapped (at least if you count the success of Fallout).
Bethesda parent company acquires id Software
There are only a few large independent game studios left; Valve, Epic, Id Software, no wait, Id Software just got acquired by the parent company of Fallout 3 developer/publisher Bethesda, ZeniMax. Darn!
ZeniMax has noted that they expect Id Software to continue operating independently, as before, which is always good, all things considered. Id Software are the developers of classics such as Doom, Wolfenstein and Quake. And the upcoming Rage.