Bethesda gets MMO funding boost

ZeniMax, the parent company of US publisher and developer Bethesda, has confirmed that part of the $300 million investment it has received from Providence Equity Partners will be used to finance Bethesda’s future MMO development.

We believe that Providence will be an ideal partner for us as we build our businesses worldwide in the years ahead,” ZeniMax founder, chairman and CEO Robert Altman stated.

Earlier this month it was confirmed that Sean Brennan, formerly of Blast Entertainment, will be heading up Bethesda’s new European drive, part of which includes establishing a new European HQ in London.

Bethesda is currently working on Fallout 3 for 360, PS3 and PC.