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ZeniMax raised $105 million for id acquisition

Extra funding needed acquire the house of Doom

Bethesda parent ZeniMax Media raised £105 million in funding to acquire Doom developer id Software.

While financial details of the transaction were not disclosed when the deal was first announced, the funding was confirmed via a ZeniMax filing with the Securities and Exchange Commission, which was spotted by VentureBeat.

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"Convertible notes and promissory notes [were] issued in connection with the acquisition of substantially all of the assets of Id Software," said ZeniMax.

The filing doesn't reveal who the lenders were or the total buyout price, but it does show that id Software president Todd Hollenshead now sits on ZeniMax's board.

Article supplied by Edge-Online

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