THQ Nordic Buys out Koch Media

THQ Nordic, creators of de Blob and Destroy All Humans!, has recently acquired Koch Media, owners of the Saints Row, Metro, and Dead Island franchises for in a deal worth more than 150 million dollars.

This means that THQ Nordic has the ability to reunite franchises with their game developers – for an example, THQ now owns the rights to both Red Faction, and Red Faction: Guerrilla developer Volition.

THQ Nordic CEO, Lars Wingefors, has stated “Koch Media has a long history of profitability despite losses incurred from some less successful game releases”

The CEO of Koch Media, Klemens Kundratitz, continues to Wingefors sentement, “I strongly believe that THQ Nordic is a great strategic fit with Koch Media. In addition to having long experience within games development and publishing, THQ Nordic has the skills, willingness and capital to deliver growth in the future.”

There has been no word about merging the two companies, however, Kundratitz will retain his position as CEO and will become a THQ Nordic shareholder.

How do you feel about THQ Nordic’s acquisition of Koch Media? Let us know in the comments below!

Source: IGN

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s