ZeniMax Media, parent company of Bethesda Game Studios (Fallout 3, Oblivion) and id Software (DOOM, RAGE), has received a $150 million investment by Providence Equity Partners. This is a "supplement" to an earlier investment of $300 million by the firm, made back in October of 2007.

The money will be used to make games (duh), expand publishing operations (figured), and strategic acquisitions (... interesting). Since Providence's previous investment, ZeniMax re-established the Fallout franchise in the console space and purchased id Software. Along with obtaining several hallowed franchises from the id acquisition, the company also nabbed John Carmack's technical expertise, which now grants Bethesda-published games exclusive use of id Tech 5.