THQ declares bankruptcy

[Desmond]

This is sad news but it was expected. I knew this day would come after they started giving away premium games as a part of the Humble Indie Bundle. Thus ends a company that gave us some great games like Metro 2033, Dawn Of War series and the Red Faction series among others.

But, what makes me cry tears of blood is that NO MORE WARHAMMER 40k BASED GAMES

THQ declares bankruptcy, will continue publishing duties | News | PC Gamer

n a statement released today, THQ announced it filed bankruptcy as part of a sale to equity firm Clearlake Capital. Though financial issues troubled the publisher in the past, the announcement stressed everything will continue as normal while THQ seeks a new owner.

“THQ will continue operating its business without interruption during the sale period,” read the statement. “All of the company’s studios remain open, and all development teams continue. Consumers and retailers should see no changes while the company completes a sale. The new financing will support business operations throughout the period. THQ does not intend to reduce its workforce as a result of the filing.”

THQ’s filing specifically fell under Chapter 11 of the government’s Bankruptcy Code, which allows a company to reorganize and essentially get its bearings without disappearing entirely. Which is a good thing, with upcoming games such as Metro: Last Light, Company of Heroes 2, South Park: The Stick of Truth, and Saints Row 4 hanging in the balance.

On a positive note, THQ’s substantial success generating over $5 million through its recent Humble Bundle deal boosted its stock nearly 40 percent!

 

[thetechfreak]

This is sad news but it was expected. I
knew this day would come after they
started giving away premium games
as a part of the Humble Indie Bundle.

if you read the title more carefully the bundle was called "Humble THQ Bundle" not "Humble Indie THQ Bundle"
and they didnt "giveaway" the bundle. Everyone who has it paid real $$$$ for it.

 

[amjath]

i was expecting wwe 13 in windows [I know they refused it]

 

[Faun]

nooooooooo....

 

[Digital Fragger]

Actually they said they would continue developing games. There's metro last night, company of heroes 2 coming up. well thq is definitely one of the most respected companies out there. i love road rash!

 

[Nerevarine]

^^and STALKER

 

[RCuber]

This is that piracy does to a company

 

[Faun]

This is that piracy does to a company

Bad business decisions.

Doesn't seem to be piracy because pirates wont buy but they may convert to potential buyer.

 

[skeletor]

I like THQ.

 

[axes2t2]

This was planned long before they made that bundle.

Still

 

[CommanderShawnzer]

why?
no more Darksiders games,no darksiders 3

 

[Desmond]

Actually they said they would continue developing games. There's metro last night, company of heroes 2 coming up. well thq is definitely one of the most respected companies out there. i love road rash!

If you read that article, the future of these titles hangs in a balance.

THQ will continue publishing duties though.

I think Red Faction Armageddon started it all, since bombed upon release to poor sales.

 

[anirbandd]

liked THQ. sad news...

 

[tkin]

One of the best studios out there, releasing most wide variety of games as a single company, will be missed and don't worry, Metro and other IPs won't die, they will be bought by other companies for sure.

 

[CommanderShawnzer]

^i would like my darksiders 3 un-touched and un-Scruwed by EA

 

[gameranand]

Real sad news. No metro last light.

 

[death_syndicate]

Sad news, only wish activision or ea dont spoil the darksiders, saints row

 

[Desmond]

THQ is finally dissolved. All assets split among Sega, Ubisoft, Take 2, etc.

Posting from phone, will put link later.

Update :

Now, THQ is officially dead

THQ's assets and properties have been auctioned off to various companies. Here is a summary of who got what :

Studios:
- Sega bought Company of Heroes developer Relic for $26.6 million. Zenimax (Bethesda) bid $26.3 million.
- Koch Media bought Saints Row developer Volition for $23 million. Ubisoft bid $5.4 million.
- Ubisoft bought new studio THQ Montreal for $2.5 million. No other bids.
- Darksiders developer Vigil did not find a buyer at this time.

Properties :
- Crysis developer Crytek purchased Homefront for $500,000. No other bids.
- Koch Media purchased Metro property for $5.8 million. Ubisoft bid $5.175 million.
- Ubisoft bought South Park rights for $3.2 million. No other bids.
- Publisher Take 2 purchased new Evolve property for $11 million. Developer Turtle Rock Studios bid $250,000.

Source

PS: THQ stands for Toy Head Quarters

 

[tkin]

THQ is finally dissolved. All assets split among Sega, Ubisoft, Take 2, etc.

Posting from phone, will put link later.

Update :

Now, THQ is officially dead

THQ's assets and properties have been auctioned off to various companies. Here is a summary of who got what :

Studios:
- Sega bought Company of Heroes developer Relic for $26.6 million. Zenimax (Bethesda) bid $26.3 million.
- Koch Media bought Saints Row developer Volition for $23 million. Ubisoft bid $5.4 million.
- Ubisoft bought new studio THQ Montreal for $2.5 million. No other bids.
- Darksiders developer Vigil did not find a buyer at this time.

Properties :
- Crysis developer Crytek purchased Homefront for $500,000. No other bids.
- Koch Media purchased Metro property for $5.8 million. Ubisoft bid $5.175 million.
- Ubisoft bought South Park rights for $3.2 million. No other bids.
- Publisher Take 2 purchased new Evolve property for $11 million. Developer Turtle Rock Studios bid $250,000.

Source

PS: THQ stands for Toy Head Quarters

This koch media better not f'k metro up, bethesda/ubisoft should have gotten it
Forget it, they own deep silver games, a good enough publisher.

 

[Desmond]

Unclaimed properties :

Vigil Games
Darksiders
Red Faction
Warhammer 40,000
de Blob
Destroy All Humans

Hope someone better gets the Warhammer 40000 license.