It was announced today that THQ has officially disbanded and its properties have been sold off to at least five different publishers despite its original intention to avoid an auction. Brien Farrell, THQ CEO, and Jason Rubin, THQ’s president are in the process of presenting the auction results to the U.S. Bankruptcy Court, upon which the court is expected to [...]

South Park Digital Studios has objected to the news that THQ will sell the rights to all of their intellectual property including those belonging to the upcoming game South Park: Stick of Truth game. The studio announced that they did not give their consent to the deal and have since filed a complaint. SPDS mentioned that as part of its [...]

Double Fine (Stacking, Brutal Legend) made a splash on Kickstarter by launching the most successive gaming campaign the platform has ever seen. Now they are in the news again by officially requesting the bankruptcy fillings of THQ which denotes their interest in what THQ will be selling off. This doesn’t mean that they will buy anything but it does suggest [...]

If you didn’t know THQ is in some serious financial trouble. However, the company wanted to sign a quick deal with Clearlake Financial Group and protect all of their assets. This would have been the best way for the company to retain their valuable IP. Soon after news of the deal went public, THQ’s creditors began to complain that the company was trying [...]

THQ has announced that a private equity firm named Clearlake Capital Group is interested in purchasing most of the assets of THQ. These assets include: the teams that make the games (Relic, THQ Montreal, Vigil and Volition), THQ’s Intellectual Property (titles, source code, etc.), THQ’s contracts (like the ones with Crytek, South Park Digital Studios, 4A games, Obsidian, and Turtle Rock) [...]