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THQ Nordic acquires Milestone, Gunfire Games and Goodbye Kansas Game Invest

Racing specialist Milestone, Darksiders maker Gunfire and investment firm Goodbye Kansas Game join the European publisher firm's portfolio

Date Type Companies involved Size
August 14th, 2019 acquisition Goodbye Kansas Studios
Gunfire Games
Milestone
THQ Nordic
Not disclosed
THQ Nordic acquires Milestone, Gunfire Games and Goodbye Kansas Game Invest

European publishing giant THQ Nordic has added two developers to its portfolio in addition to an investment outfit.

Milan-based racing studio Milestone has been purchased for €44.9m ($50.1m) in cash, with the company potentially receiving another €37.6m ($42m) if it hits its maximum earn-out goal.

Meanwhile, Lars Wingefors' (pictured) firm has also snapped up Darksiders maker Gunfire Games, though no figure has been placed on that deal. THQ Nordic already worked with the studio on Darksiders III, which launched in November 2018.

Finally, THQ Nordic has acquired investment firm Goodbye Kansas Game Invest for kr42.2m ($4.4m) through its THQ Nordic Lager 1 subsidiary.

The Sweden-based outfit has a number of start-up studios in its portfolio, in addition to the royalties for the forthcoming Biomutant - likely a factor in Wingefors' firm jumping to acquire the investment venture.

PCGamesInsider.biz has more on the story.


PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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