Rockville, Md. – Video game publisher ZeniMax Media
announced on Wednesday that it has closed on a new $150 million investment from
Providence Equity Partners, following on the $300 million the firm invested in
the company in 2007.
Founded in 1999, Rockville, Md.-based ZeniMax operates
game studios including Bethesda Game Studios ("Fallout 3"), id
Software ("Doom," "Quake") and Arkane Studios ("Arx
Fatalis"), which are developing for all gaming platforms.
"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 3 years as we built our business," said
ZeniMax founder, chairman and CEO Robert A. Altman.
"We believed that
furthering that relationship was the right course for us. Providence shares our
strategic vision for the Company and is excited by the opportunity to help us
strengthen a position of leadership in this industry."
Related Links:
http://tinyurl.com/22trhme
http://www.zenimax.com
