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Relic Acquisition Price Revealed

Documents filed with the US Securities and Exchange Commission have revealed that THQ tendered a $6 million cash payment for Homeworld and Warhammer 40,000 ...

David Jenkins, Blogger

August 12, 2004

1 Min Read

Documents filed with the US Securities and Exchange Commission have revealed that THQ tendered a $6 million cash payment for Homeworld and Warhammer 40,000 developer Relic Entertainment, with a little more than an additional $4 million to follow over the next two years. The price breaks down to $54,700 in tangible assets, $1.3 million in intangible assets, and $8.85 million in goodwill. THQ also assumed the $517,000 of debt owed by the developer. Relic founder Alex Garden famously founded the company with start-up costs of just $5,000. THQ first announced the purchase of the company earlier this April. Source: GameSpot

About the Author(s)

David Jenkins

Blogger

David Jenkins ([email protected]) is a freelance writer and journalist working in the UK. As well as being a regular news contributor to Gamasutra.com, he also writes for newsstand magazines Cube, Games TM and Edge, in addition to working for companies including BBC Worldwide, Disney, Amazon and Telewest.

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