THQ Nordic acquires Wreckfest developer Bugbear Entertainment

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

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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.

CEO

Asif Khan is the CEO 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.

From The Chatty
  • reply
    November 14, 2018 9:20 AM

    Asif Khan posted a new article, THQ Nordic acquires Wreckfest developer Bugbear Entertainment

    • reply
      November 14, 2018 9:59 AM

      I really like playing Wreckfest, it's really fun. I asked a few times on here if anyone wanted to play some multiplayer but never got any responses.
      Hopefully with end of year sales coming up, a few more people will pick it up and we can have some races!

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        November 14, 2018 10:23 AM

        Yeah, the biggest bummer with that game was finding a decently populated server. Core gameplay is excellent!

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        November 14, 2018 10:28 AM

        The price has always put me off. It seems steep for kickstarted title that has been in early access for years now.

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        November 14, 2018 8:13 PM

        Yeah I'll get it on sale.

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        November 14, 2018 8:21 PM

        Good idea. Count me in on a Shackbattle at the next sale. The Xbox version is in development too and at the right price I may pick it up there as well. Actually it'll probably be gamepass'd now. Sweet.

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        November 14, 2018 9:53 PM

        I've got it, I'll play if you set up a specific time!