Redeye: THQ Nordic - Power-up!
Q4 was a record quarter for THQ Nordic, and they delivered on our high expectations. By acquiring Koch Media, the company will enter the next level. We believe that the market is yet to fully grasp the underlying value and cash flow generating capabilities of THQ Nordic’s growing IP portfolio. Based on a Back-Of-The-Envelope assessment we increased our Base-case valuation on the same day as the acquisition. Now after a more in-depth analysis, we raise our fair value estimate further. Read more at: https://goo.gl/CsD5W2
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This is a press release from Redeye - Research Powered Investment Banking. https://www.redeye.se/about/