THQ Nordic – publisher of de Blob, which is receiving a Change remaster afterwards this 12 months – has acquired Koch Media, which owns the Saints Row, Metro, and Lifeless Island franchises, in a €121 million deal.
Koch Media by itself runs Deep Silver (Lifeless Island and Metro publisher), Volition (Saints Row developer) and Dambuster Studios (Homefront: The Revolution developer), all of which will occur underneath the THQ Nordic umbrella.
There are no options to restructure following the acquisition, nor any “charge saving actions” on the horizon, suggesting that layoffs are not likely.
The initial THQ filed for personal bankruptcy in 2012, and the business was dissolved the up coming 12 months. At the time, Koch Media acquired Saints Row developer Volition, and the publishing legal rights to the Metro collection.
Nordic Video games also purchased a number of THQ IPs and re-branded to THQ Nordic in 2016. The income deal will see additional of THQ’s initial IPs reunited underneath the umbrella of THQ Nordic.
It also implies that selected franchises now have the opportunity to be reunited with their developer – for occasion, THQ Nordic now owns each the legal rights to Crimson Faction, and Crimson Faction: Guerrilla developer Volition.
“Koch Media has a long background of profitability regardless of losses incurred from some fewer effective activity releases,” says THQ Nordic CEO, Lars Wingefors.
“THQ Nordic is confident that the development studios of Deep Silver as component of THQ Nordic will efficiently provide at the very least 4 ongoing AAA activity assignments which include Metro Exodus as nicely as the up coming Volition Studio AAA release and the up coming Dambuster Studio AAA release, together with a number of other activity development and publishing titles.”
Koch Media CEO, Dr. Klemens Kundratitz, included, “I strongly feel that THQ Nordic is a fantastic strategic match with Koch Media. In addition to owning long expertise within online games development and publishing, THQ Nordic has the expertise, willingness and money to provide progress in the long run.”
Kundratitz will retain his posture as CEO and turn into a THQ Nordic shareholder. The closing of the transaction is anticipated to choose place afterwards these days.
Shabana is a freelance author who enjoys JRPGs, wine, and not finishing online games. Adhere to her on Twitter.