THQ bankruptcy auction nets $6.5 million for defunct publisher
The results are in from the THQ bankrupcty auction and Nordic Games emerged as the star of the proceedings, snagging some of the most prestigious titles on offer.
The Swedish publisher paid $4.9 million for 150 Darksiders, Red Faction, MX vs ATV, Destroy all Humans!, Titan Quest, Frontlines, Stuntman, Juiced, Full Spectrum Warrior, Summoner, Marvel Super Hero Squad, Supreme Commander, and more.
“First and foremost we are very happy about this deal which also turns over a new leaf for the entire Nordic Games Group," said Nordic Games Group AB CEO Lars Wingefors.
"In the long term, we either want to cooperate with the original creators or best possible developers in order to work on sequels or additional content for these titles.”
“A very important point for us is not to dash into several self-financed multi-million dollar projects right away, but rather to continue our in-depth analysis of all titles and carefully selecting different financing models for developing new instalments of acquired IPs.
Earlier today it was revealed that Gearbox had picked up Homeworld, but this fresh announcement brings word the franchise sold for $1.3 million – far beyond the $58,000 raised on Kickstarter by Team Pixel to purchase the beloved space combat sim.
Italian publisher 505 Games managed to get a bid of $300,000 on Drawn to Life and Drawn to Life: The Next Chapter.
THQ expects the court to hear the sales motions on May 13 and finalise the transactions, totaling $6.55 million.