Via an official post on their website, THQ Nordic has announced that it has bought over Koch Media and Deep Silver. According to the announcement, they also now have the “intellectual property rights such as Saints Row, Dead Island and exclusive licence for Metro.”
THQ Nordic has also provided some reasons for the recent acquisition:
‘THQ Nordic has a clear growth strategy and a long and successful history of acquiring game franchises and development studios. In September 2017, THQ Nordic raised SEK 598 million in a directed share issue in order to finance potential acquisitions of franchises, game development studios, publishers or other objects that complement the operations.
Over the last few years, Koch Media has invested a large part of its profits into establishing the current pipeline of games which are due to be released over the coming years. For the investments that have proven less successful, Koch Media has undertaken significant write-downs during the past few years. The product portfolio and current stage of development of core titles in the pipeline provides a strong foundation for future cash flow and profitability for the group.’
Metro: Exodus, which is set to be released sometime this year, will likely have its publishing and distribution handled by THQ Nordic as well.
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