Embracer Group wholly owned subsidiary THQ Nordic GmbH acquires 100% of Austria-based Pow Wow Entertainment for an undisclosed consideration.
The studio is currently working on two unannounced games: one in an existing THQ Nordic-owned franchise and the other a roguelike multiplayer platformer set in a constantly changing world.
The acquisition includes the development studio with its team of around 20 developers, and all IP rights. The acquisition price will not be disclosed, and Pow Wow will remain an independent development studio under THQ Nordic. The team will keep its full creative freedom and will self-publish their games going forward.
About THQ Nordic
Founded in 2011, THQ Nordic is a global video game publisher and developer. Based in Vienna (Austria), and with subsidiaries in Germany, Sweden, Finland, and the USA, THQ Nordic brands include Darksiders, MX vs. ATV, Destroy All Humans, Wreckfest, Titan Quest, Biomutant, Gothic, ELEX, Kingdoms of Amalur and many more.
About Pow Wow Entertainment
Pow Wow Entertainment is the developer behind the multiplayer action game Misbits. The studio was founded in 2019 by Milo Gutmann and Jerome Amouyal and now the developer and its team of 20 staff in Vienna, Austria join Embracer Group through its THQ Nordic label.
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