THQ Nordic has around $316m in liquid cash as it looks to make further purchases

THQ Nordic has around $316m in liquid cash as it looks to make further purchases

European games giant THQ Nordic has raised more money since its fundraiser in June.

That's according to CEO Lars Wingefors, who told that the company will have a total of €270m ($316m) in liquid cash by the end of this quarter and that it is on the lookout for new companies or teams to join the THQ Nordic family. 

That family currently consists of two groups - THQ Nordic and Koch Media, which Wingefors and co purchased for $196m back in February - but the chief exec also says there's the possibility of a third member in the THQ Nordic Group in the future.

"As a group, we raised €140m in June, and we have raised more since. We'll have a variable liquidity in cash of €270m by the end of the quarter," he said.

"I believe I'm not done yet. There is still a lot of companies and teams out there that are very well suited to the THQ Nordic family. That's my daily work. I'm meeting people that could imagine working for a Swedish giant from the countryside together with my team - whether that's Koch or THQ Nordic or a third separate group, I don't know. Being public, I can't really comment on the details. I hope we will be able to add more family members in the coming year."

Since 2013, THQ Nordic has been on the hunt for new acquisitions. Then known as just Nordic Games, the firm snapped up the THQ name along with a number of IPs from that publisher when it went bust in early 2013. 

You can read more from Wingefors in our upcoming interview

PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for, VGC, Games London, The Observer/Guardian and Esquire UK.