[Jimmy_McNulty]

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.

THQ's announcement says the company has entered into an agreement with a "stalking horse bidder" — a bidder chosen by a bankrupt company to avoid lower bids on THQ's assets — an affiliate of Clearlake Capital Group. THQ says it has acquired approximately $37.5 million in financing commitments from lenders Wells Fargo and Clearlake.

THQ says its publishing business will continue "without interruption during the sale period" and that development continues at the company's owned studios.

http://www.polygon.com/2012/12/19/37...dios-and-games

[dundeederryboy]

Hope somebody buys Saints Row

http://kotaku.com/5969846/thq-files-...-11-bankruptcy

[bob2005]

Sad THQ had some really good games back in the day I also hope someone gets the Saints Row licence.

[Ash_735]

They're not gone yet!

This is the same style of Bankruptcy that Marvel went through in the 90's, they're still contracted to finish all current projects, which Jason Rubin has confirmed, Metro Last Light, Company of Heroes and indeed South Park: Stick of Truth. And plans for another Saints Row sequel are already underway.

[Jimmy_McNulty]

Originally Posted by Ash_735

They're not gone yet!

This is the same style of Bankruptcy that Marvel went through in the 90's, they're still contracted to finish all current projects, which Jason Rubin has confirmed, Metro Last Light, Company of Heroes and indeed South Park: Stick of Truth. And plans for another Saints Row sequel are already underway.

Those 3 games come out around the same time as each other early 2013, i'm expecting each one to sell big. Especially The Stick of Truth. It's sad THQ couldn't hold out for alittle longer.

[Ash_735]

By all means, if those sell well and they gather interest, they'll stick around, keep up to date with Jason Rubin he's pretty open about these things (https://twitter.com/Jason_Rubin).

[alternate]

If the investment company (clearlake?) does buy them, then they will let the games in production come out and then sell off the studios and respective IP as a package. The stability will hopefully stop an exodus of talent and let them get proper value from the sales, Companies with this track record are not in to running businesses long term, so I would not expect any new projects to be started or funded.