THQ Sells Studios, South Park, Homefront 2, Metro 2 for $72M
The auction of some of the now-bankrupt THQ’s assets has been approved by a U.S. bankruptcy court, making official the sales of games such as South Park: The Stick of Truth and upcoming sequels to Homefront and Metro 2033.
THQ made the information available in a press release, which states that the company is pulling in a total of about $100 million from sales of assets and intellectual property. Of that $100 million, $72 million came during today’s auction that included four games — South Park, Homefront 2, Metro: Last Light and another project with the working title of “Evolution” — as well as several studios.
What’s new here are the price tags of each of the assets THQ sold. Bringing in the most money was Relic Entertainment (the developer behind Company of Heroes and the Warhammer 40,000 games), which went to Sega for $26.6 million; followed by Saint’s Row developer Volition to Koch Media (the parent company of Dead Island publisher Deep Silver) for $22.3 million; and finally THQ Montreal to Ubisoft for $2.5 million.
Koch also nabbed Metro: Last Light for $5.9 million, while Crytek paid $500,000 for Homefront 2, according to the press release*. Take-Two Interactive spent $10.9 million for Evolve, a game being worked on by Turtle Rock Studios, and Ubisoft paid $3.3 million for South Park. That last sale still might be up in the air, however, as South Park Studios, the company of the show’s creators, is reportedly fighting for the rights to buy back the license.
The sales are expected to be closed tomorrow, Jan. 24. We’ll update with more information as it becomes available.