Sega Buy THQ Subsidiary With Aggressive Bid; No Bids For Darksiders Devs

Ishaan Sahdev

Published: Jan 23, 2013 01:04 pm

This article is over 11 years old and may contain outdated information

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Sega have bought THQ’s Relic Entertainment subsidiary with an aggressive bid of $26 million at an auction that was held this week. Relic were responsible for the Company of Heroes franchise under THQ.

Meanwhile, Ubisoft picked up THQ’s Montreal studio along with the Southpark game they were working on. The auction results are as follows, according to the Distressed Debt Investing blog, which has been following the proceedings:

$26 million for Relic Entertainment (Sega)

$22.3 million for Volition Inc. (Koch Media)
$5.8 million for Metro I.P. (Koch Media)

$2.5 million for THQ Montreal (Ubisoft)
$3.2M for THQ Montreal’s Southpark game (Ubisoft)

$11 million for Evolve I.P. (Take-Two)

$500k for Homefront I.P. (Crytek)

Unfortunately, no bids were made for Vigil Entertainment, developers of the Darksiders franchise, according to DDI.

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Author

Ishaan Sahdev

Ishaan specializes in game design/sales analysis. He's the former managing editor of Siliconera and wrote the book "The Legend of Zelda - A Complete Development History". He also used to moonlight as a professional manga editor. These days, his day job has nothing to do with games, but the two inform each other nonetheless.