On Friday, Handelsblatt – a German business newspaper – published an article reporting that Koch Media was for sale, and the media company had enlisted the aid of investment bank UBS to look for a buyer.
Two people “familiar” with the deal informed the newspaper, but Koch Media denies that this is the case. The company – which owns Deep Silver – used the publisher’s Twitter to assure people that Koch Media is not for sale and is, in fact, looking to expand.
“We have seen a recent report suggesting Koch Media is for sale,” the group posted on TwitLonger. “We are happy to say that Koch Media (including its premium games publishing label Deep Silver) is well-financed, profitable, and a stable and growing business in the entertainment industry.”
“[W]e are not for sale,” it says.
It acquired Saints Row developer Volition after THQ went under and got publishing rights for the Metro series. Saints Row IV – which was one of our best PC games of 2013 – Metro: Last Light and Metro Redux were subsequently published by Deep Silver.
With Deep Silver’s diverse and growing list of published titles, it would be an unusual time to sell up.
Rather than the company being for sale, Koch is looking for new acquisitions in publishing and distribution in an effort to grow, according to the tweet.
Koch Media has been around since 1994 and has since expanded out of the UK, Germany and Austria, with subsidiaries across the world. As well as publishing games through Deep Silver, the firm distributes film and television.
Cheers, MCV.