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THQ files for bankruptcy protection, selling studios and games

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#1 MightyJordan


    Don't worry, he's rich.

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Posted 19 December 2012 - 19:13


Struggling video game publisher THQ announced today that the company has entered into a purchase agreement with a bidder to acquire "substantially all of the assets of THQ's operating business, including THQ's four owned studios and games in development." THQ has also filed for Chapter 11 bankruptcy protection in a Delaware court, the company says, to facilitate the sale of the publisher's owned studios and current games in development.


The full press release is here.

#2 Jason Stillion

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Posted 19 December 2012 - 19:17

Glad to see they did the humble bundle at least, maybe it was to get there games out there and raise money to shut down :(

(edit) From press release

THQ will continue operating its business without interruption during the sale period, subject to Court approval of THQ’s first-day motions. All of the company’s studios remain open, and all development teams continue. The company remains confident in its existing pipeline of games. THQ maintains relationships with some of the top independent development studios around the globe. As part of the sale, the company is seeking approval to assume the contracts of these studios, and Clearlake will assume these contracts.

Essentially transfer of ownership while still developing / publishing and new owners.

#3 Xoligy



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Posted 19 December 2012 - 23:51

Darksiders is the only game i really played made by them, nothing else really interested me. Did hear Saints Row was good but never tried it.

#4 trag3dy


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Posted 20 December 2012 - 00:27

I hope all goes well. I want Dawn of War 3.

#5 neoadorable


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Posted 23 December 2012 - 09:34

also wish them well, they're part and parcel of the industry and gave us many good games over the years, don't want to see them go. Might get Darksiders 2 as a show of support...but isn't that game blasphemous? yes, I know how that sounds, but games where you're in hell or fighting against angels and stuff make me uncomfortable...I should probably consult DigitalE!