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ZeniMax Media Secures $105 Million To Finance id Software Acquisition

JGaskill
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Posted July 8, 2009 - By Jake Gaskill

ZeniMax Media Secures $105 Million To Finance id Software AcquisitionA few weeks ago, Bethesda Softworks owner ZeniMax Media rocked the gaming world when it announced it was acquiring legendary developer id Software. And while ZeniMax surely has the financial resources to pull of such a maneuver, that evidently didn't stop them from once again reaching out to for a little help.

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reports that a recent SEC filing shows that ZeniMax secured $105 million in debt financing to help with the id acquisition. In 2008, ZeniMax raised $9.9 million in funding from Providence Equity Partners, the same investor that forked over a cool $300 million back in 2007, part of which was meant to go towards assisting with acquisitions. Whether Providence had a part in this most recent round of fundraising has yet to be confirmed.

Just for the sake of providing amusing and random information, ZeniMax's board of directors includes CBS head Les Moonves, baseball Hall of Famer Cal Ripken Jr., and mega-producer Jerry Bruckheimer. (Why ZeniMax would need to borrow even a penny from outside investors with Bruckheimer sitting on its board is beyond me. Then again, that's probably why I no longer run a successful media company.)

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ZeniMax Media Secures $105 Million To Finance id Software Acquisition
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