Formerly a household name in video games, the bankrupted publisher will end up paying creditors between 16 and 25 percent of what they were owed, under a plan approved by a Delaware judge on Friday.
The Square Enix takeover bid for UK publisher Eidos Interactive solidified even further today, as 20% Eidos shareholder Time Warner throws its support behind the Japanese company’s offer.
Time Warner’s recent acquisition of LEGO-crazy game developer TT Games was “wildly successful”, and has the media giant considering expansion into the video game industry, Time Warner Chief Financial Office John Martin told investors Wednesday.
Lord of the Rings Online developer Turbine has just snagged $US 40 million in equity financing primarily from Time Warner and GGV Capital, the company announced today.
The company’s existing investors also helped out this funding round, and Time Warner said Turbine was “an important addition to [its]entertainment initiatives.”
Both Time Warner and GGV look to be betting big on the growth of online worlds; full announcement follows the jump.
