Bethesda parent company secures $300 million

Interested in more, better content from Elder Scrolls creators Bethesda? That may very well be what the future has in store, because ZeniMax Media, the parent company of Bethesda, has announced a $300 million investment by Providence Equity Partners in order to "fund future growth, ramp up publishing and development, facilitate acquisitions, and finance MMOGs."

Providence managing director Michael Dominguez commented, “We are pleased to partner with one of the best managed companies in the videogame industry ZeniMax Media has an outstanding series of proven interactive entertainment content and a burgeoning position in the rapidly growing global video game market. We look forward to working with Robert to build value at ZeniMax Media over the long-term.”

In addition to Bethesda Softworks, ZeniMax also possesses a number of other videogame subsidiaries, including ZeniMax Online Studios, a new division created with the sole intention to create massively multiplayer online RPGs.

Whatever the final destination of Providence’s investment, we can only expect good things to result.


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Author: Eddie Inzauto View all posts by
Eddie has been writing about games on the interwebz for over ten years. You can find him Editor-in-Chiefing around these parts, or talking nonsense on Twitter @eddieinzauto.

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