Gaming Company ZeniMax Receives $9.9 Million Funding

This story was written by Rafat Ali.
What's a mere $9.9 million if you've already raised $300 million in a previous round? Video game maker Zenimax Media has received $9.9 million in funding from previous investor PE firm Providence Equity Partners in the new "strategic option grant", reports VB. Providence invested $300 million in a round announced in October last year. Founded in 1999, the company makes games for PCs and the major gaming consoles; among its titles is Oblivion. Co-founded by prominent DC lawyer Robert A. Altman, Zenimax sports a high profile roster of directors and outside advisors including Les Moonves, Jerry Bruckheimer, baseball player Cal Ripken, Senator George Mitchell and former DNC chairman Terry McAuliffe. 

By Rafat Ali
The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App