ZeniMax Media announced the
closing of a $300 million investment by Providence Equity Partners Inc. for
convertible preferred stock of the company. The proceeds of the investment
will be used to fund future growth, increase game development and publishing,
facilitate acquisitions, and finance massively multiplayer online games
(MMOGs). ZeniMax Media divisions
include Bethesda Softworks, Vir2l Studios, ZeniMax Europe Ltd., and ZeniMax
Online Studios.
