THQ Nordic Raises $225 Million to Spend on Even Extra Acquisitions

You thought THQ Nordic was going to chill it with the acquisitions? You higher suppose once more. Not solely has the writer said its intention to proceed increasing its portfolio, it has about $225 million to take action! The information comes as THQ Nordic managed to boost about 2.09 billion Swedish krona.

As for the way the writer managed to get that a lot, it’s due to 11 new Class B shares that had been raised very lately. They had been grabbed by a variety of buyers, even some that hadn’t invested in THQ Nordic but. The brand new share situation was described as “considerably oversubscribed” by THQ.

A press release confirmed that THQ Nordic plans to make use of the newly-acquired funds to “finance new acquisitions of franchises, sport growth studios or different belongings which counterpoint the operations, and to allow the next charge of funding within the growth of the Firm.”

CEO Lars Wingefors instructed that the acquisitions are a part of a plan to “construct one thing substantial, diversified and evergreen by acquisitions and substantial natural growth progress.” In the end, the corporate intends to finance its corporations by “cashflow from making nice video games.” With a staggering quantity of video games in growth, it undoubtedly looks like it’s on monitor to just do that.

THQ Nordic has develop into recognized in recent times for its seemingly infinite acquisitions. The truth is, THQ Nordic started life because the remnants of the now-shuttered THQ. It then scooped up properties all throughout the online game sphere, from dormant properties like Alone within the Darkish and Timesplitters to latest successes like Kingdom Come: Deliverance. As well as, it lately launched the long-awaited Darksiders III. Whereas its gross sales numbers seemed that it underperformed, the writer stated it carried out inside expectations when all was stated and performed.


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