Sega has announced they’re selling off Relic Entertainment alongside a new round of layoffs at the global publisher.

Relic Entertainment is splitting from Sega for an undisclosed amount from an also unnamed/undisclosed external investor. Relic was origianlly sold to Sega from THQ (the original THQ) back in 2013.

The new deal will see Relic Entertainment become an independent developer again, they’ll keep supporting various titles like Company of Heroes 3.

Alongside the split with Relic Entertainment is news that Sega is laying off around 240 staff at several of their European studios, with the goal of balancing their fixed expenses.

Here’s the word from Relic Entertainment:

We have an important announcement for our players and fans. With an external investor, Relic Entertainment will become an independently-run development studio. This is a huge change for us, but one thing does not change: we want to create amazing experiences for our players.

To our fans, we want to assure you we will continue to support our titles, including Company of Heroes 3 – we are looking forward to the 1.6 Update in April, loaded with new content and features requested by our community.

We want to thank SEGA, whose support over the years and guidance during this transition have been instrumental to our success. We may be out of the SEGA business, but we remain friends and colleagues.

We are excited about this next chapter for Relic, and we hope you will all join us in creating new experiences for our fans worldwide.