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Zenimax borrowed $105 million to buy id

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ZeniMax raised $105 million in convertible debt and promissory notes in order to buy, id Software, VentureBeat reports.

The figure comes from an SEC filing - financials figures weren't disclosed when the deal was announced in June.

ZeniMax previously raised $300 million in private equity funding in 2007.

Full thing through there.

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Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.

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