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THQ Nordic Raises $223 Million, Plans To Acquire More Studios

THQ Nordic have announced they have raised EK 2.1 billion ($225 million) by issuing new Class B shares.

The company intends to use the new additional funds to acquire some more game studios. In the past 3 months, the publisher has acquired Bugbear Entertainment, Coffee Stain, and 18Point2.

CEO Lars Wingefors told GamesIndutry.biz.

“Ultimately, on the very long-term basis I want all my companies to be financed through the cashflow from making great games that fans and consumers will enjoy and pay for. However, our strategy right now is to build something substantial, diversified and evergreen through acquisitions and substantial organic development growth. As you know, we are just approx 0.5% of the global market and have a long way to go before we reach the next level.”

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