Turbine Inc. raises $40 million in equity financing
Turbine Inc., a Westwood online gaming company whose offerings include a game titled "The Lord of the Rings Online: "Shadows of Angmar," said today it has raised $40 million in equity financing.
(A rendering from the game, which is based on the books of J.R.R. Tolkien, appears above this story.)
In describing its work in the genre of massively multiplayer online games, Turbine said it creates and operates "massive, persistent online worlds that foster powerful social gaming communities."
Turbine said that the investment was led by Time Warner Inc., the New York media and entertainment company, and GGV Capital, a venture capital firm that according to its website has offices in Silicon Valley, Shanghai, and Singapore.
(By Chris Reidy, Globe staff)
