Koch Media/Deep Silver has officially announced that it has secured the intellectual property rights for two THQ franchises: Saints Row and Metro. It has also obtained Volition, the Chicago-based development studio.

"These franchises hold a special place in the hearts and minds of anyone who loves exceptional video games," said Deep Silver COO Geoff Mulligan. "We're thrilled to usher in a new era for these franchises and are proud to welcome the visionaries and talented forces at Volition on board."

Although Deep Silver doesn't mention the cost of these acquisitions, the Saints Row IP and Volition Studio sold for $22.3 million, according to documents obtained by Joystiq, while the rights to Metro 2033 and upcoming sequel Metro: Last Light sold for $5.9 million. Deep Silver will elaborate upon future plans for each franchise in the coming months.