SEGA acquires Relic Entertainment after THQ folds

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Sega purchases THQ

THQ, publisher of Saints Row, Company of Heroes, Darksiders and Warhammer 40,000 has filed for bankruptcy. This resulted in studio layoffs but also, the acquisition of many developers.

Earlier today an internal message from THQ CEO Brian Farrell and president Jason Rubin was sent to THQ employees. It stated that the publisher would be dissolved and that after a 22 hour auction many of their flagship studios have been acquired. The bankruptcy of the company came as no surprise to the industry as uncertainty loomed for months. In anticipation, Relic Entertainment’s studio head, Alex Peters, moved to Activision earlier today.

THQ laid off 118 employees on the first person shooter game, Warhammer 40,000, where a majority of those were from Vigil Game Studios (developer of Darksiders 2) and the remaining were from Vancouver’s Relic Entertainment. However, the studio was saved as it was acquired by SEGA for $26.6 million. This all happened just before the anticipated March launch of the award winning Real Time Strategy, war game “Company of Heroes 2”.

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