Series C funding round to fund 'major strategic change'?

Turbine gets $40 million VC injection

Online RPG developer Turbine has rounded up $40 million dollars of venture capital funding according to financial website Private Equity Hub.

The Massachusetts-based studio, which counts Asheron’s Call, Lord of the Rings Online and Dungeons and Dragons Online amongst its heritage, has now in total raised more than $90 million in funding during its lifetime.

According to PE Hub, the developer is expected to soon announce major strategic operational changes, possibly moving away from massively-multiplayer online RPGs.

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