THQ Nordic has successfully raised USD$225 million after issuing 11 million new shares.
The company intends to use the money "to finance new acquisitions of franchises, game development studios or other assets which complement the operations"
In an interview with GamesIndustry THQ CEO Lars Wingefors said "Ultimately, on the very long-term basis I want all my companies to be financed through the cashflow from making great games that fans and consumers will enjoy and pay for. However, our strategy right now is to build something substantial, diversified and evergreen through acquisitions and substantial organic development growth."
He added, "As you know, we are just approx 0.5% of the global market and have a long way to go before we reach the next level."
THQ's recent earnings call declared strong figures for 2018, thanks mostly to its acquisition of Koch Media and its publishing division Deep Silver.
Can't wait to see what gets snapped up next.