Bankrupt videogame publisher THQ has held an auction of its assets, with fellow publishers snapping up its games and licences.

Japanese giant Sega has agreed to acquire Relic, the developer behind the upcoming Company of Heroes 2 and Warhammer 40 000: Dawn of War, IGN reported.

Koch Media, parent company of Dead Island publisher Deep Silver, has its hands on Saints Row developer Volition, as well as rights to the Metro and Saints Row franchises.

German studio Crytek, currently developing Homefront 2, has acquired the Homefront property.

Take Two has acquired a THQ-backed project codenamed Evolve, as well as the WWE licence.