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THQ Goes down

CymicaldaneCymicaldane The Danish OGPosts: 2,109 ✭✭✭✭✭
THQ has filed for Chapter 11 bankruptcy and has entered into an asset purchase agreement with Clearlake Capital Group, a private equity firm. Clearlake is "to acquire substantially all of the assets of THQ's operating business, including THQ's four owned studios and games in development." THQ's stock on the Nasdaq exchange has been halted, with the company expecting to be delisted within nine calendar days.

"The sale and filing are necessary next steps to complete THQ's transformation and position the company for the future, as we remain confident in our existing pipeline of games, the strength of our studios and THQ's deep bench of talent," said THQ CEO Brian Farrell.

THQ hopes to have the sales process completed in 30 days. No layoffs are planned or announced at this time, with employees to be paid normally and work normal schedules.

THQ announced in early November that is was seeking "strategic alternatives" to its dire financial situation. Clearlake has agreed to serve as the "stalking horse bidder," a fancy term for an interested buyer chosen by the company, but there could be other interested buyers.

source: http://www.joystiq.com/2012/12/19/thq-bankruptcy-sale/?a_dgi=aolshare_facebook
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  • genocidecuttergenocidecutter Posts: 17,737 ✭✭✭✭✭
    Well we knew that was coming
    Gives us back images in sigs
  • CymicaldaneCymicaldane The Danish OG Posts: 2,109 ✭✭✭✭✭
    We sure did. But now its official
    The one and only truly original Danish poster on the IC
    a-tribe-called-quest-o.gif GIFSoup
  • Yeah, we saw this coming for sure. I would like to see the WWE license go to some place good. Definitely not EA. What if Visual Concepts made a run at it?
  • Aristo_V300Aristo_V300 Toyota/Lexus Enthusiast Posts: 6,118 ✭✭✭✭✭
    Good... I've been waitin' for this since November 15, 2011.
  • vagrant-718vagrant-718 Posts: 4,559 ✭✭✭✭✭
    EA dont make games, they just publish. Dont EA still own the ppl that made Def Jam Fight for NY?
  • 1CK1S1CK1S Posts: 27,472 ✭✭✭✭✭
    Only other company is Konami!!!
    I don't have dreams I have goals. Dreams are what you have when you are sleep. Goals are what you strive to reach when you are awake!
  • dalyricalbanditdalyricalbandit Co-Owner Of AllhipHop.com, Super Moderator, Administrator, Moderator Posts: 67,709 Regulator
  • earth two supermanearth two superman ladies please dont fight. E2S is here all night! Posts: 17,149 ✭✭✭✭✭
    man i hope whoever gets the no Mercy brand puts it out on PSN
  • CymicaldaneCymicaldane The Danish OG Posts: 2,109 ✭✭✭✭✭
    edited December 2012
    All i know is that they (EA) really blew it with that MMA game some time back

    Mainly because they took the servers offline BOOO!
    The one and only truly original Danish poster on the IC
    a-tribe-called-quest-o.gif GIFSoup
  • MC The RapperMC The Rapper Posts: 8,140 ✭✭✭✭✭
    hopefully the take two interactive gets the wwe license and they keep yukes(who owns njpw) on as the publisher .
  • I liked EA's MMA game better than the first 2 UFC games, it just had a weaker roster. Still haven't played UFC 3 yet.
  • CymicaldaneCymicaldane The Danish OG Posts: 2,109 ✭✭✭✭✭
    Rumour going around that Ubisoft is looking to pick it up :-O
    The one and only truly original Danish poster on the IC
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  • Black_SamsonBlack_Samson do 10 pushups everytime you read my post... you know you want too. Posts: 61,581 Regulator
    man ea mma was the shit

    if i were an FBI Agent tasked with monitoring a forum, I'd post random pictures and watch the reactions of the people.

    Você é um otário. Zé buceta. Vai tomar no meio do seu cu. Filho da puta. Arrombado
    King Of The Onomatopoeia
  • RawAceRawAce Posts: 4,800 ✭✭✭✭✭
    i guess this is the reason the wwe servers are so terrible
  • John_BlaziniJohn_Blazini When it comes to half the niggas on the IC's kids...I am the father Posts: 14,837 ✭✭✭✭✭
    They have humble bundle deals online I git 6 games for donating 7 bucks
  • VIBEVIBE Posts: 54,284 ✭✭✭✭✭
    They owe the WWE $45 million.
  • ShencotheMCShencotheMC KING Posts: 26,028 ✭✭✭✭✭

    fuck them for not being consistent and wanting to nickel and dime buyers.
    aint make no sense what they did to Saints Row 3.

    fuck them.

    I think Saints Row 3 suffered mostly because they created that engine completely from scratch. If they had used the same template from the previous 2 games and just improved the graphics and added stuff here and there it woulda been cool. The game just felt too short is all
  • willhustlewillhustle Posts: 6,537 ✭✭✭✭✭
    Looks like I'll be keeping WWE '13 for a good while then.
  • CymicaldaneCymicaldane The Danish OG Posts: 2,109 ✭✭✭✭✭
    They owed WWE 45 million $ :-O
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    VIBEgenocidecutterP swayze166
  • funkdocdamcfunkdocdamc Posts: 3,786 ✭✭✭✭✭
    THQ Dissolved, Saints Row, Company of Heroes, Darksiders Devs Acquired
    Koch Media, Take-Two, Ubisoft and SEGA acquire Saints Row and more.

    by Andrew Goldfarb
    January 23, 2013

    Following THQ’s auction of its assets, the new homes of THQ franchises are slowly being revealed. According to multiple IGN sources as well as reports circulating on Twitter, Koch Media, Take-Two, Ubisoft and SEGA are among the new owners of THQ’s intellectual property and studios.

    It's worth noting that all of these sales are pending approval from U.S. bankruptcy court and nothing is finalized yet. A hearing is currently underway in Delaware.

    SEGA has reportedly acquired Relic, developer of Company of Heroes and Warhammer 40,000: Dawn of War.

    Koch Media (owner of Dead Island publisher Deep Silver) has reportedly agreed to purchase Saints Row developer Volition as well as the publishing rights to the Metro franchise.

    Crytek, who is currently developing Homefront 2, has reportedly purchased the rights to the Homefront franchise.

    Take-Two (parent company of 2K and Rockstar) has reportedly agreed to purchase Darksiders studio Vigil as well as Turtle Rock Studios’ project codenamed Evolve.

    Ubisoft has reportedly purchased the rights to publish South Park: The Stick of Truth (pending any further objections from South Park Studios) as well as THQ Montreal, the current developer of Assassin’s Creed creator Patrice Desilets’ project codenamed 1666.

    Many THQ employees, meanwhile, have reportedly lost their jobs based on early reports on Twitter.

    We’ve reached out to all parties and will continue to update this story with comments and confirmation we receive.

  • genocidecuttergenocidecutter Posts: 17,737 ✭✭✭✭✭
    So no news on the wwe license
    Gives us back images in sigs
  • focusfocus The #1 Nigga, I Don't Need No Hype. Posts: 5,361 ✭✭✭✭✭
    edited January 2013
    So no news on the wwe license

    2K got the WWE license. Best thing that could've happened.


  • focusfocus The #1 Nigga, I Don't Need No Hype. Posts: 5,361 ✭✭✭✭✭
    edited January 2013
    Here is a list of the winning bidders, the winning bid amounts, and the backup bidder (if any) for the assets sold during THQ's bankruptcy auction. The blog Distressed Debt Investing, which had been following the proceedings in person for some time, said no bids were made for Vigil Games, makers of the Darksiders series. While Take Two was initially rumored to have acquired Darksiders publisher Vigil, it has since been revealed that this isn't the case.

    Relic Entertainment
    Makers of Company of Heroes
    Winning bidder: Sega, $26.6 million.
    Backup: Bethesda, $26.3 million.

    THQ Montreal
    Makers of 1666 and Underdog, titles under development.
    Winning bidder: Ubisoft, $2.5 million. No runner-up.

    (title in development at Turtle Rock Studios)
    Winning bidder: Take-Two Interactive, $10.894 million.
    Backup: Turtle Rock Studios, $250,000.

    Volition, Inc.
    Maker of Saints Row
    Winning bidder: Koch Media, $22,312,925.
    Backup: Ubisoft, $5.4 million.

    Released 2011; due for a sequel.
    Winning bidder: Crytek. $544,218.

    Series; due for the sequel Metro: Last Light.
    Winning Bidder: Koch Media, $5,877,551
    Backup: Ubisoft: $5.175 million.

    South Park
    License; South Park: The Stick of Truth is due for release March 5.
    Winning bidder: Ubisoft, $3,265,306

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