My reading is that they raised $105 million via convertible notes and promissory notes "in connection with the acquisition of substantially all of the assets of

My reading is that they raised $105 million via convertible notes and promissory notes "in connection with the acquisition of substantially all of the assets of Id Software, Inc.". Traskjd has it right--this might mean they spent $105M on id, or it might mean they only needed to borrow $105M of whatever they spent.