dark        
spacer

Companies can now bid for individual THQ titles

0

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]


You are logged out. Login | Sign up

 
 

 

TwitterRedditEmailFacebook
 
Chris Carter
Chris CarterReviews Director, Co-EIC   gamer profile

Chris 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! ------------------- T... more + disclosures


 



Filed under... #Electronic Arts #Saints Row #South Park #THQ #Top Stories #Video Game Industry

READER COMMENTS LOADING BELOW...


LET'S KEEP THE COMMUNITY GREAT


You're not expected to always agree, but do please keep cool and never make it personal. Report harassment, spam, and hate speech to our community team. Also, on the right side of a comment you can flag nasty comments anonymously (we ban users dishing bad karma). For everything else, contact us!