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THQ Nordic acquires Wreckfest developer Bugbear Entertainment

THQ Nordic continues its buying spree of developers with today's acquisition of Bugbear Entertainment.

Asif Khan

November 14, 2018 9:20 AM

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THQ Nordic has been on quite the buyng spree this year and today they have announced the acquisition of Wreckfest developer Bugbear Entertainment. You may remember our live stream of Wreckfest from a few months back. Bugbear Entertainment joins Vigil Games, Deep Silver, and many other studios to be assimilated into the THQ Nordic mothership.

Just a few months ago, THQ Nordic added Alone in the Dark and Act of War to their growing warchest of intellectual property. This comes on the back of acquiring Kingdom Come: Deliverance publisher Deep Silver. THQ Nordic has been acquiring companies and intellectual property for several years as they grow their portfolio of games and their efforts are showing up in their financial results. The company just reported staggering 1403% year-over-year sales growth in their most recent quarterly earnings release.

It appears the surge of acquisitions is working for THQ Nordic and we look forward to seeing their next move. Keep it locked on Shacknews for more updates.

Asif Khan

CEO/EIC/EIEIO

Asif Khan is the CEO, EIC, and majority shareholder of Shacknews. He began his career in video game journalism as a freelancer in 2001 for Tendobox.com. Asif is a CPA and was formerly an investment adviser representative. After much success in his own personal investments, he retired from his day job in financial services and is currently focused on new private investments. His favorite PC game of all time is Duke Nukem 3D, and he is an unapologetic fan of most things Nintendo. Asif first frequented the Shack when it was sCary's Shugashack to find all things Quake. When he is not immersed in investments or gaming he is a purveyor of fine electronic music. Asif also has an irrational love of Cleveland sports.