THQ Nordic Acquires Black Forest Games
By Jonathan Balofsky On 21 Aug, 2017 At 05:44 PM | Categorized As News, News, News, NINTENDO, PC Games, PlayStation, ROG News, Xbox 360/Xbox One | With 0 Comments

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THQ Nordic sent out the following

 

THQ Nordic is announcing today that it has acquired 100% of the shares from the five founders of Black Forest Games. Also, an Asset Purchase Agreement with Black Forest Games was concluded to acquire the intellectual properties “Giana Sisters”, “Helldorado” and “Rogue Stormers”, which will be now part of the THQ Nordic Portfolio of IPs and Franchises.

The IP-acquisition itself is being handled by THQ Nordic AB, based in Karlstad, Sweden, whereas the day-to-day business and the share deal is handled by THQ Nordic GmbH, based in Vienna, Austria. THQ Nordic GmbH is taking over 100 % of the company including the whole team. The five founders will stay on board to continue the success story of the 50 people studio.

Black Forest Games is currently working on an unannounced project for PC, PlayStation 4 and Xbox One. More details regarding this project will be revealed soon.

This is great news actually, as it shows that indies are becoming a major force to the point where companies see their value for acquisition.  Black Forest Games has done some amazing work and they should be proud of where they have come thus far.

Source: PR Email

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