It seems having one of the best financial years for a video game publisher isn’t enough for THQ Nordic. The company announced that it had issued 11 million new Class B Shares for people to buy in the stock market, with the money raised being noted for “new acquisitions of franchises, game development studios or other assets which complement the operations.” The final amount that the company made during these transactions was the tidy sum of 2.9 billion Swedish Krona, or $225 million dollars.
Apparently, a lot of investors saw the success that the company had the previous year and wanted in on some of that revenue. Ranging from private investors to actual banks, it’s no surprise that THQ Nordic was able to obtain such a large amount of money. It is important to note however that most of these new investors don’t actually own any stock in THQ Nordic, as these Class B shares were created with the sole purpose of raising money for future acquisitions.
Despite this, they were able to come up with the money in a timely manner, showing just how much influence and power the company has not just in their native country, but in the video game market. THQ Nordic acquired numerous developers and IP’s in the previous year including Carmageddon, Alone in the Dark, Kingdom’s of Amalur: Reckoning, and Timesplitters. On top of that, they have already made some purchases this year when they acquired Warhorse Studios, Kingdom Come: Deliverance, and the rights to the Outcast series.
With this new influx of cash, as well as their First Party games performing well in the last quarter, THQ Nordic seems like the unstoppable force combined with the immovable object. We’re still trying to figure out which other dormant, and active franchises they’ll try and fish out for the right price. Either way, it looks like the company is already on their way to having yet another record year.