Sega has purchased Vancouver studio Relic Entertainment during a 22 hour bankruptcy auction of THQ's assets.
Sega has reportedly pledged $26 million for the Company of Heroes developer in this week's THQ IP auctions.
Relic is currently working on Company of Heroes 2, the long-awaited sequel to its much-loved PC real-time strategy.
Legal documents related to THQ's bankruptcy filing in December also revealed a second - and previously unannounced - project in the works at Relic, titled 'Atlus', pinned for a 2014 release.
After two years of battling against the tide, THQ declared itself bankrupt and its assets were stripped off for sale on Wednesday. The publisher will now close completely.