THQ auction rumours: Ubisoft nabs South Park, Sega snaps up Relic, Koch vies for Volition
23rd Jan 2013 | 10:04
Ubisoft has successfully bid for the publishing rights to one of THQ's final games,
THQ's bankruptcy auction took place at a Delaware court on Tuesday. Proceedings are highly complex as assets can be outbid on even after auction, but investors close to the event have begun to leak information online. [More details on the auction here
Investment blogger 'Distressed Debt' said on Twitter that "sources indicate Ubisoft has emerged as a contending bidder for certain THQ assets". Later in the day, Wired editor Chris Kohler said the South Park game has been acquired by Ubisoft.
However, the upcoming game in the irreverent animated series - called South Park: The Stick of Truth is the subject of a legal dispute between THQ and its licensor. THQ claims it has the right to sell a licence that it previously acquired, but the South Park rights holders say it doesn't have the right to sell a licence of a game it doesn't wholly own.
Sega in for Company of Heroes dev Relic?
Meanwhile, Vancouver based indie developer Tim Lewinson claims that Sega has acquired local studio Relic. The British Columbia games development scene has contracted in the past ten years, and Sega recently closed many of its western development operations, making such an acquisition - if true - a surprise move.
Relic developer Neil Rodway had conformed on Twitter that companies interested in acquiring the studio included EA, Ubisoft, Sega and Warner Bros.
Koch media in for Volition?
Perhaps more surprising is rumours that Euro-centric distribution and publishing firm Koch Media wants to acquire Illinois games studio Volition - the developer behind the Saints Row franchise (although that would be separately bid on).
On Tuesday the company's assets went under the hammer in a complex auction. CVG has explained the rules in detail here