dark        

THQ's liquidation plans get court approval

0

And it just keeps going

At a hearing held in Wilmington, Delaware, THQ was granted final approval for its liquidation approval plan, effectively marking the end of the publisher's bankruptcy case.

Most of you will remember that the defunct publisher lost in its bid to survive with all of its IP and assets intact, which the company proposed by selling itself over to the Clearlake Capital Group LP. Instead most franchises of note were sold off at auction last January. This piecemeal sale generated around $72 million, with an additional $6.6 million between Darksiders, Homeworld, and other IP during an April sale.

The company is far from out of the woodwork, however. There are still legal battles to be fought between unsecured creditors, who have claims ranging from $143 and $184 million, and THQ's European subsidiaries.

THQ Gets Approval of Liquidating Plan Ending Bankruptcy [Bloomberg]


You are logged out. Login | Sign up

 
 

 

TwitterRedditEmailFacebook
 
Abel Girmay
Abel GirmayContributor   gamer profile

Born and raised in Oakland, CA. Avid fan of FPS, RPGs, and Little Caesars Pizza.  more + disclosures


 



Filed under... #Darksiders #Industry Bull #Legal System #Money #THQ

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!



 
 
 
 
spacer