Bethesda parent gets $300 million in financing

ZeniMax investment will fuel development of MMO games

October 25, 2007

ZeniMax Media has announced that it has obtained a $300 million U.S. investment from Proidence Equity Partners, Inc. The company, which owns The Elder Scrolls publisher Bethesda, will use the money to fund the growth of the company, with a significant portion going towards the development of massively multiplayer online games.

Bethesda has become increasingly popular in recent years, with the release of Oblivion and the upcoming Fallout 3.

ZeniMax itself recently announced ZeniMax Online Studios, a division of the company dedicated to online games, particularly MMOs.