Cabinet Holdings has acquired Paradox Entertainment Inc., which owns the rights to the Conan the Barbarian, Solomon Kane and the rest of the Robert E. Howard library, as well as role-playing games like Mutant and Mutant Chronicles.

Paradox founder Fredrik Malmberg, who left the company a year ago to focus on film production, is the president and CEO of Cabinet Holdings. He produced 2011's Conan the Barbarian movie and is overseeing the upcoming Legend of Conan.

Approved Friday by shareholders, the deal calls for a $7 million stock purchase and for Cabinet Holdings to assume Paradox Entertainment's "indirect operating liabilities in the U.S operations alongside film producer activity, which amounts to about $700,000."

Paradox has owned the Conan rights since 2002, and most of what remains of the Howard library since 2006.

Its purchase of Conan from Conan Sales Co. led to a three-year legal battle with Stan Lee Media, which briefly owned the rights in 2000 before filing for federal bankruptcy protection. The failed dot-com sued in 2011, arguing the Conan rights were improperly transferred back to Conan Sales Co., meaning the subsequent purchase by Paradox should be annulled. The courts, however, didn't agree, and Stan Lee Media's case was dismissed in 2013.

(via ICv2)