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Comment by mediaman | Hacker News Reader

That price seems very low for an incredible brand franchise and IP rights to Quake, Doom, Wolfenstein, Rage -- only $105mm? An article I picked up on it indicates they had 105 developers at the time of acquisition.

I would bet that rumor is false, or that there was some sort of extreme extenuating circumstances that we're not privy to.

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It was indeed $105 million as SEC filing showed http://sec.gov/Archives/edgar/data/1092835/00010928350900000... I am pretty sure there were some additional benefits, as in "you don't tell us what to do, ever" or something.

I thought the $105m was new debt raised? I could be wrong as I'm not used to look at these forms, but I thought the story went that it was AT LEAST $105m because that was the ADDITIONAL raised. I might borrow 100k for a house, doesn't mean I only spent 100k for the house.

But, as I say, I could be wrong - I'm not an American so I haven't seen these forms too much :-)

I don't know either to be honest, paper says: "Total Offering Amount $105,000,000 USD | Total Amount Sold $105,000,000 USD"

My reading is that they raised $105 million via convertible notes and promissory notes "in connection with the acquisition of substantially all of the assets of Id Software, Inc.". Traskjd has it right--this might mean they spent $105M on id, or it might mean they only needed to borrow $105M of whatever they spent.

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