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THQ pays $10 million for Relic
Over at Gamesindustry.biz is word that publisher THQ is prepared to put down 10 million dollars to acquire Relic Entertainment, developers of Warhammer 40.000: Dawn of War
In a recent filing with the American Securities & Exchange Commission, the publisher noted that it paid $6 million to Relic's owners during the April to June quarter, with another $4 million due over the next two years.
As well as assuming Relic's debt of $517,000, that's $547,000 in tangible assets, $1.3 million in intangible assets, and a further $8.85 million in goodwill.
When it announced the purchase in April, THQ did not disclose the figure, but did reveal that the deal was for cash - a departure from the normal terms of such acquisitions. In general, publishers base developer acquisitions on shares, not cash.
As well as assuming Relic's debt of $517,000, that's $547,000 in tangible assets, $1.3 million in intangible assets, and a further $8.85 million in goodwill.
When it announced the purchase in April, THQ did not disclose the figure, but did reveal that the deal was for cash - a departure from the normal terms of such acquisitions. In general, publishers base developer acquisitions on shares, not cash.
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