Turbine lands a $40 million investment

by Michael Zenke May 1st 2008 at 2:30PM

Filed under: Business models, MMO industry

The website Private Equity HUB is reporting on a big development for Turbine, the makers of MMO titles Asheron's Call, Dungons and Dragons Online and Lord of the Rings Online. The company has acquired a new investment of $40 million from Granite Global Ventures and several other previous investment groups. According to the site, this makes a total of $90 million at Turbine's disposal. The company has only 'pulled down' $25 million of that money.

peHUB goes on to speculate that the company will soon be announcing some major shift in business strategy. It offers up the possibility that one or more of its games will be making the jump to a console platform. Another possible future for the company: mobile gaming somehow tuned to the MMO marketplace. Whatever the news, Turbine's strategy is expected to be unveiled within the next two weeks.

[Via Gamasutra]

Tags: ac, asherons-call, ddo, dungeons-and-dragons-online, lord-of-the-rings-online, lotro, turbine