Westwood, Mass. - Multiplayer online game developer Turbine announced on Wednesday that it has raised $40 million in a new financing round co-led by Time Warner (NYSE: TWX) and GGV Capital.

Westwood, Mass. - Turbine, a developer and publisher of multiplayer online games, is raising a $40 million third round of venture capital financing, led by Granite Global Ventures, PEHub.com reported.

Westwood, Mass. - Multiplayer game developer Turbine has announced an extension of its agreement with Tolkien Enterprises through 2014, enabling the company to develop additional titles based on the books "The Hobbit" and "The Lord of the Rings." Although the company, which developed "The Lord of the Rings Online: Shadows of Angmar," doesn't hold game rights to the films, it should benefit from the upcoming movie based on "The Hobbit," slated for release in 2010.

Westwood, Mass. - Video game developer and publisher Turbine on Thursday announced that its "The Lord of the Rings Online: Shadows of Angmar" title is the top-selling PC game across North America and Europe, based on the most recent industry reports from NPD , Chart-Track (UK), GfK (France) and Media Control (Germany).

Westwood, Mass. - Game developer Turbine and publisher Midway Games on Tuesday announced that their "The Lord of the Rings Online: Shadows of Angmar" massively multiplayer online PC game has shipped to retailers. The companies touted the game, which has been in development for over four years, as the only online multiplayer title based on the books of J.R.R. Tolkien.