THQ auction sees Sega, Ubisoft, Deep Silver picking up franchises

Dr. Strangelove - Kong on Bomb
Jan
23

THQ auction sees Sega, Ubisoft, Deep Silver picking up franchises

slim pickens riding the bomb enh lores 300x180 THQ auction sees Sega, Ubisoft, Deep Silver picking up franchisesThe results of the THQ bankruptcy auction came in Wednesday afternoon and we can now officially consider the publisher dead. Company of Heroes, Metro: Last Last, Warhammer 40K, Saints Row, South Park: The Stick of Truth and even Homeland all have new homes at competing publishers. However, developers like Darksiders‘ Vigil Studios are still looking for a new home.

Relic Entertainment, which is responsible for franchises that include Company of Heroes, Warhammer 40K and other PC strategy titles, was picked up by Sega for $26 million. The move appears to be a natural fit as Sega has the Total War strategy games in its portfolio and recently picked up the Warhammer fantasy license.

Ubisoft put in bids for not only the THQ Montreal studio but also for the publishing rights to South Park: The Stick of Truth. The South Park acquisition is probably the most volatile as South Park Digital Studios, the division that is responsible for games based on the TV show, objected to the transfer of The Stick of Truth. unless it receives $2.275 million for defaulted payments and “adequate assurance of future performance” on the game.

Meanwhile, the Saints Row and Metro franchises were picked up by Koch Media which owns publisher Deep Silver. The media franchise paid $22.3 million for Volition and another $5.8 million for 4A Games.

Turtle Rock Studios’ presumably next-gen co-op title, Evolve, was purchased by Take-Two for $11 million. The future of the original developer of Left 4 Dead is unknown but the bid amount suggests pretty high confidence from the new publisher.

Crytek, who is famous for its PC crunching graphics, managed to acquire the rights to Homefront for a measly $500,000.

Finally, Vigil Studios received no bids at all. The developer is coming off the release of Darksiders II. THQ will continue to seek buyers for the studio.

The total proceeds from the THQ bankruptcy auction came in close to $100 million which far surpasses the $60 million bid originally submitted by Clearlake Capital Group that would have kept the publisher intact.

Via: @DDInvesting

 

About Scott Grill

Scott is one of those “weird” over 30 gamers who’s been around since before the days of the Atari 2600 and has been pounding on controllers and keyboards ever since. Sharing his passion of gaming with his two kids and friends put him on a writing kick that he hasn’t been able to shake off.

Leave a comment