Zenimax raised $105 million to buy id News

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News by Ellie Gibson

8 July, 2009

Newly published financial documents have revealed ZeniMax raised USD 105 million to buy id Software last month.

As reported by Venturebeat, the money was raised "in connection with the acquisition of substantially all of the assets of id Software". However, the documents don't say whether USD 105 million was the final cost of buying the studio.

It has been confirmed though that id president Todd Hollenshead now sits on ZeniMax's board, probably on a throne made of diamonds and caviar.

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Skinme

08/07/09 @ 17:55

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From the looks of the posts from Nakatoo (above) EG need to tighten up their forum registration system!

As for the article, it seems like id must've been in some financial strife if they were willing to settle for such a low price! Oh well, better to be owned but running rather than closing down like so many other companies.

BabyJesus

08/07/09 @ 19:10