
Yep, that headlne is correct.
Bethesda Softworks's parent company
ZeniMax Media had announced that it has acquired Dallas-based developer
id Software, creators of some of the biggest PC game franchises of all time (
Doom,
Quake and
Wolfenstein). Financial terms were not disclosed but the press release states that id will continue to operate under its founder John Carmack with the press release stating, "All the principals at id Software have signed long-term employment contracts."
Bethesda Softworks will now be the publisher for all of id Software's upcoming games with the exception of titles that already have publishing agreements. That means
Rage will continue to be published by EA but
Doom IV will now be a Bethesda Softworks title. We hope to have more info on this unexpected business deal later today.
Update: Kotaku
has a little more info on the deal, revealing that id had actually approached ZeniMax Media about being bought out and that acquistion talks had started months ago. With the deal now complete id will be able to add teams to their game projects. It also quotes id founder John Camack as saying, "We're really getting kind of tired competing with our own publishers in terms of how our titles will be featured." The new deal with ZeniMax will solve that problem with Carmack saying, "They are triple A, top-of-the-line in what they do in the RPGs. And they have no overlap with all the things we do in the FPSes."