Company News Relic Entertainment to be acquired by Sega

[IDtenT]

Tags: First Post; Relic Entertainment; Sega; THQ; ZeniMax Media

First rumoured on Neogaf, the result of the auction has since been made public by THQ. Here is a snipit from a random news source:

Vancouver-based Relic Entertainment, developer of the Company of Heroes and Warhammer 40,000 franchises, has been provisionally acquired by Sega at auction today for $26.6 million, according to a letter from THQ officials provided to Polygon by a former THQ employee.

What is more surprising is that ZeniMax media also put in a bid, which will act as a backup bid if the American courts don't like selling to the Japanese.

Sega's bid to buy Relic remains a proposal for now, pending approval by a U.S. bankruptcy court judge. ZeniMax Media, parent company of Bethesda Softworks and id Software, has submitted a backup bid of $26.3 million, in case Sega's offer doesn't go through.

You can read the rest of the full article here.

Will Sega ruin Relic's record? Is ZeniMax looking into an Elder Scrolls RTS? Will ZeniMax still acquire an RTS studio regardless?

More importantly, is Trash desperate enough to allow anyone to post news posts?

 

[Hellraiser]

Wait, the retarded Kwan courts can still make it go to ZeniMax? What kind of dumbass legal system doesn't check if the company is eligible to buy the auctioned assets before the bidding takes place?



We could use that lawyer purge from the Cyberpunk 2020 setting happening.

 

[Trash]

http://www.rockpapershotgun.com/201...-off-most-studios-basically-done/#more-139465

Personally I hope both Metro and South Park will still be released. And hopefully without dramatic changes. Still, a sad day here. THQ was one of the better AAA publishers out there. Good to see Relic prolly found a new home. Noone in their right mind is going to cancel CoH2.

 

[Hellraiser]

Yes, CoH2 is free money you would have to be very foolish to cancel it especially when it is nearly done. Fairly big RTS brand, solid engine and gameplay (even if multiplayer balance sucked), broad appeal due to the WW2 setting. Practically prints money.

 

[Spectacle]

Wait, the retarded Kwan courts can still make it go to ZeniMax? What kind of dumbass legal system doesn't check if the company is eligible to buy the auctioned assets before the bidding takes place?

The bankruptcy judge has to approve everything, it's a formality. I think it's just the article that's poorly worded, and the bid from ZionMax is a backup in case Sega fails to secure funding or something like that.

 

[Hellraiser]

The bankruptcy judge has to approve everything, it's a formality. I think it's just the article that's poorly worded, and the bid from ZionMax is a backup in case Sega fails to secure funding or something like that.

Well if that is the case then we have nothing to fear. But I guess they could also block the acquisition if there was a risk of a monopoly. Or it's just the pinkos here in Europe that do that.

 

[Spectacle]

The bankruptcy judge has to approve everything, it's a formality. I think it's just the article that's poorly worded, and the bid from ZionMax is a backup in case Sega fails to secure funding or something like that.

Well if that is the case then we have nothing to fear. But I guess they could also block the acquisition if there was a risk of a monopoly. Or it's just the pinkos here in Europe that do that.

That's outside the bankruptcy court's mandate though, the Federal Trade Commission handles such matters. And that's purely theoretical in this case, nobody will care that Sega gets a monopoly on Warhammer vidya games

 

[fizzelopeguss]

Yes, CoH2 is free money you would have to be very foolish to cancel it especially when it is nearly done. Fairly big RTS brand, solid engine and gameplay (even if multiplayer balance sucked), broad appeal due to the WW2 setting. Practically prints money.

CoH 2 will prolly break even on its cost of the studio unless SEGA suddenly ramps up a massive advertising campaign. If it's anything like the original it'll be a critical darling though. I definately think SEGA got a bargain.

 

[Hellraiser]

Considering it's a COH reskin with ruskies and some new engine tweaks it would be hard for it not be a critical darling.

 

[IDtenT]

The bankruptcy judge has to approve everything, it's a formality. I think it's just the article that's poorly worded, and the bid from ZionMax is a backup in case Sega fails to secure funding or something like that.

My articles are perfect!

 

[evdk]

There's more than one?

 

[karoliner]

 

[IDtenT]

Oh wow. I once was unemployed enough to write shit for Tacticular Cancer.

 

[IDtenT]

DarkUnderlord bring Trash back from the dead and revive TCancer.