Thq Nordic Raises $223 Million To Buy New Studios

If you have already become accustomed to the news about the additions that THQ Nordic is making to its portfolio, know that the trend should continue in 2019. The company revealed last Thursday (21) that it issued a new round of stock Class B that allowed her to raise $ 223 million that will be used to buy new studios and intellectual properties.

In a statement, the company said that this amount will go to "new purchases of franchises, games development studios and other resources that complement the operation." Recently, the company acquired Warhorse Studios, from Kingdom Come: Deliverance and Coffee Stain Studios, responsible for Goat Simulator.

According to CEO Lars Wingefors, THQ Nordic's ultimate goal is for all of its studios to be funded from the profits of their own games. "Our strategy now is to build something substantial, diversified and healthy through acquisitions and substantial organic growth. As you know, we have reached only about 0.5% of the global market and we have a long way to go before we get to the next level, "he told Games Industry.

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