Media giant Warner Bros. has acquired independent MMO developer Turbine, creator of Lord of the Rings Online, completing Warner’s internal ownership of all Lord of the Rings-based video games. Terms of the deal were not disclosed, but a Boston Globe report pegs the purchase price as high as $160 million, based on information from “a source close to negotiation.”
Warner has previously invested in Turbine, which since 1998 was heavily funded by a variety of venture capital sources. Last August, the company raised $6.6 million, and the previous year it completed a $40 million round from firms including Highland Capital, Polaris Venture Partners, Tudor Ventures, and Columbia Capital. More..
