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Guru3D.com » News » THQ to be auctioned off on a title by title basis

THQ to be auctioned off on a title by title basis

by Hilbert Hagedoorn on: 01/10/2013 09:30 AM | source: | 7 comment(s)
THQ to be auctioned off on a title by title basis

In other words, chopped into pieces. PC Gamer reports THQ will not survive its bankruptcy in its current form. Instead, the company's franchises and studios will be auctioned off on a "title by title" basis to the highest bidder.

THQ had hoped to sell themselves as a whole, ensuring the company could exist as-is under a new owner. That’s now not going to happen, after it was decided that a wholesale attempt would fetch less money than dividing the company up and selling each franchise separately. A tweet by the Distressed Debt Investing blog confirms this move, saying “The auction will allow for piecemeal (“title by title”) sales of THQ assets”

DDI’s latest blog update on the THQ case explains how the sale will work. THQ’s properties will be auctioned off on January 22nd, with both titles and studios up for grabs. So far EA and Warner Brothers have been revealed as interested parties, although it’s not known which titles they’re eyeing up.

At this point, it's unknown how the sale will affect THQ's upcoming games. Titles like Company of Heroes 2, Metro: Last Light and South Park: The Stick of Truth all seem close enough to completion to be released by a prospective buyer, bu tthe status of Volition's Saints Row 4 may be less secure.







« Panasonic 10.1-inch Windows 8 Pro and 7-inch Android rugged tablets · THQ to be auctioned off on a title by title basis · Corsair Dominator Platinum Light Bar Upgrade Kits »

2 pages 1 2


Ven0m
Senior Member



Posts: 1774
Joined: 2005-08-12

#4497388 Posted on: 01/10/2013 12:37 PM
I hope that WH40k and Company of Heroes will be bought by one company. Hoping for high quality to remain would be too much... especially as EA's interested.

Ryu5uzaku
Senior Member



Posts: 7007
Joined: 2006-09-24

#4497427 Posted on: 01/10/2013 01:49 PM
if relic went to sega with warhammers and coh i would be happy O_O

General Stalin
Senior Member



Posts: 192
Joined: 2006-06-29

#4497488 Posted on: 01/10/2013 03:15 PM
I hope Volition and Relic find good homes.

Jebo
Junior Member



Posts: 16
Joined: 2008-12-29

#4497511 Posted on: 01/10/2013 03:39 PM
I really hope that COH doesnt go to EA, their game support suxx.

Ven0m
Senior Member



Posts: 1774
Joined: 2005-08-12

#4497526 Posted on: 01/10/2013 04:19 PM
I really hope that COH doesnt go to EA, their game support suxx.


+ they rush unfinished games for sales

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