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Companies can now bid for individual THQ titles

2:41 PM on 01.07.2013 // Chris Carter
  @DtoidChris

THQ to be sold piecemeal, EA a potential buyer

This THQ business is getting more complicated by the day. Initially, one company (Clearlake Capital Group) was going to buy all of THQ's assets for $60 million after it filed for Chapter 11 bankruptcy, but the outright purchase was blocked by a judge.

Amidst rumors that Ubisoft was interested in buying up the remaining assets, we now have a much more interesting situation on our hands -- companies can buy up assets individually, and EA is interested. So interested, in fact, that they reportedly visited THQ to survey potential purchases.

Right now, we have no clear idea what is actually happening with the developers and studios themselves, but in this maelstrom of bad news for THQ, I hope everyone is well. The auction date is set for January 22nd, 2013.

Parties have come to an agreement [DDInvesting via VB]




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Chris Carter, Reviews Director
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Chris (Magnalon) has been enjoying Destructoid avidly since 2008. He finally decided to take the next step, make an account, and start blogging in January of 2009. Now, he's staff! ---------... more   |   staff directory



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