Yes, but money alone does not a great MMOG make. You'd have to have someone like Bethes... oh.
Gamasutra is reporting that Zenimax Media, parent company of the highly regarded Bethesda, has received $300 million in financing to produce MMOGs.
ZeniMax Media, the parent of Oblivion creator Bethesda, has announced a $300 million investment by Providence Equity Partners to fund future growth, ramp up publishing and development, facilitate acquisitions, and finance MMOGs.
ZeniMax Media itself founded in 1999 by Robert A. Altman, its Chairman and CEO, and has multiple subsidiaries making game-related content, the most notable of which is Bethesda Softworks.
Read the full article at Gamasutra.