SEGA Buys Relic, Ubisoft Gets Montreal and South Park in THQ Auction

Other buyers include Crytek, Take Two and Koch Media

By Andrei Dumitrescu on January 23rd, 2013 22:38 GMT

The assets of video game publisher are now officially sold, with SEGA the owner of Relic, Crytek picking up the Homefront property, Take Two getting Evolve and its unannounced title, Ubisoft receiving ownership of the Montreal studio and the South Park franchise while Koch Media is in charge of Volition and the Metro series.

The auction was conducted all through the day and it seems that all the deals are now finalized, with the actual closure dates set for later during the week.

An official letter to employees from Jason Rubin, the president and the Chief Executive Officer at THQ, is quoted by Kotaku as saying that, “The proposed sales of multiple assets is as follows: Sega agreed to purchase Relic, Koch Media agreed to purchase Volition and Metro, Crytek agreed to purchase Homefront, Take 2 agreed purchase Evolve, and Ubisoft agreed to purchase Montreal and South Park.”

Information from sources involved with the auction suggest that Homefront cost less than half a million dollars while Koch will pay 5.8 million dollars (4.35 million Euro) and another 22.3 million (16.7 million Euro) for Volition.

SEGA apparently dispensed with no less than 26 million dollars (19.5 million Euro) in order to get Relic and Take Two got Turtle Rock and its new game project for another 11 million dollars (8.25 million Euro).

Ubisoft was quick to claim back the former leading developer of the Assassin’s Creed series, which now works at THQ Montreal, and its new 1666 game.

The price was a rather low 2.5 million dollars (1.87 million Euro).

The letter from Rubin adds that even if THQ will “cease to exist, we are heartened that the majority of our studios and games will continue under new ownership.”

It seems that most of the workforce will keep their jobs under the new leadership.
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