ZeniMax Raised $105 Million To Buy Id Software
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Financial details about ZeniMax Media’s acquisition of Quake-developer id Software were kept under wraps—but a new SEC filing reveals that ZeniMax raised $105 million in debt financing to facilitate the deal. We’re working on confirmation regarding where the funds came from.
The last time the Maryland-based publisher raised money was a $9.9 million round in 2008 (which was dwarfed by a $300 million round ZeniMax said it would be using for acquisitions in 2007). ZeniMax’s board includes a roster of media and entertainment execs—including CBS’ Les Moonves, Jerry Bruckheimer (who has been busy staffing up his own video game studio), as well as baseball player Cal Ripken, Jr.
Posted In: Entertainment, Games, Money, M&A & Venture Capital, Venture Capital, id software, zenimax media
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