Share this article: Digg.comFacebookGoogle BookmarksN4GGamerblipsdel.icio.usRedditSlashdot.orgStumbleUpon Is it $105 million or £105 million? Because there is a fair bit of difference due to conversion rates...
Though it's most probably in dollars and CVG has made yet another typo as usual :roll: Its $$$ it was mentioned on Gamasutra's website as it is quoted here
'According to newly filed documents, Bethesda Softworks (Fallout 3) parent company ZeniMax Media secured $105 million in debt financing for its recent acquisition of developer id Software.
The funding was revealed in an SEC filing, as reported by paidContent. It is dated today, July 7, with sales of ZeniMax's securities having begun June 23.'
Oddly enough I wonder is that where cvg got their news Really wouldn't surprise me somehow :lol:
And yeah, thought as much. Game companies always talk about dollars, I swear even English companies do. Dollars seems to be the 'global' currency. The US dollar *is* the global reserve currency. It replaced the gold standard under the Nixon Administration as the overall amount of gold traded on the open market was deemed insufficient to support the rapidly growing economies post-WWII. This is also one of the reasons, according to some, why the US can continually get away with the massive budget deficits and debt it has because if the US dollar were to collapse - taking in to consideration the US market is the world's largest and richest market - it could very well trigger a complete financial meltdown across the globe. This has not been fully tested, however in light of the recession impact which was triggered by toxic loans across the US which then exposed similar bad loans in many other countries, I think it's fair to say that particular theory is not completely off track. That said, the total US GNP is much larger than it's national debt, but that money has to be spent on keeping the country running...Of course they could choose to pay off their debt in one year and not have any police for a single budget year...Might not go down to well though. :wink: |