THQ Nordic buys 38 Studios’ remaining assets for $900K

PROVIDENCE – THQ Nordic has acquired the intellectual property of “Kingdoms of Amalur,” among other assets from 38 Studios LLC, the company announced Thursday.

The company will take over distribution, and evaluate sequels and new content related to the asset purchase, which also included the unfinished “Copernicus” massively multiplayer online role playing game, THQ Nordic said.

38 Studios declared bankruptcy in 2012, following the launch of “Kingdoms of Amalur,” which was generally well received by critics. Since then, the company’s assets have been in receivership, overseen by lawyer Richard J. Land.

Land said that the assets were sold for $900,000 and that this marked the sale of the final assets of 38 Studios left in receivership.

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The company’s high-profile collapse resulted in the liability for a $75 million state-backed loan offered to the company falling to the taxpayers. The loan was used to lure the company away from Massachusetts.

The funds from the sale will go to the state of Rhode Island.

Chris Bergenheim is the PBN web editor. He can be reached at Bergenheim@PBN.com.