ZeniMax Media Gets $300 Million Investment

Andy Chalk

One Flag, One Fleet, One Cat
Nov 12, 2002
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ZeniMax Media Gets $300 Million Investment


Providence Equity Partners Inc. [http://www.bethsoft.com]

The deal will provide ZeniMax with funding for future growth, increased game development and publishing including MMOGs, and will also facilitate future acquisitions. As part of the deal, Michael Dominguez, a managing director at Providence Equity, will join the ZeniMax board of directors, which includes Zenimax founder and CEO Robert Altman, CBS President and CEO Leslie Moonves, MGM Chairman and CEO Harry Sloan, Trump Management President Robert Trump, Jerry Bruckheimer and Cal Ripken Jr.

"We believe that Providence will be an ideal partner for us as we build our businesses worldwide in the years ahead," said Altman. "Providence shares our strategic vision for the company and is excited by the opportunity to help us move into a position of leadership in this industry."

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

Bethesda's both recent title, Fallout 3 [http://www.elderscrolls.com/games/oblivion_overview.htm], expected to ship sometime in 2008.


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Spinwhiz

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Oct 8, 2007
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Very cool for Bethesda! Now, can anyone tell me, besides the fact that he played for the Orioles, why Cal Ripken Jr. is on the board of directors?
 

Andy Chalk

One Flag, One Fleet, One Cat
Nov 12, 2002
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I think it's mostly so the other guys on the board can call up their friends and say HOLY SHIT! WE GOT CAL RIPKEN JR.!