THQ Nordic issues new shares to raise $ 225 million for future acquisitions



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Swedish publisher THQ Nordic raised 2.1 billion SEK (225 million USD) by issuing 11 million new Class B shares.

The new shares were valued at approximately SEK 190 ($ 20.3) per item and were seized by existing investors and newcomers such as First National AP, Second National Fund and Odin Fonder funds.

THQ intends to use this money to fund the acquisition of more franchises, gaming studios and other assets complementary to its larger operations.

As it has become clear in recent months, the company has no qualms about spending and lost only $ 37.5 million last week. Kingdom Come: Deliverance developer Warhorse Studios.

Previously, she had acquired the Australian publishing partner 18Point2, Goat simulator the developers Coffee Stain Studios and the creator of Wreckfest, Bugbear Entertainment.

It has also been splashing money on notable franchises like Kingdoms of Amalur, Alone in the dark, Timesplitters, outcast, and Carmageddon.

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