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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 allow the process to finish out.

This is what has been reported so far, the only confirmed acquisition is SEGA purchasing Relic, the other news items are currently the best bids for those studios:

  • SEGA is confirmed to have purchased Relic Studios developer of games such as Company of Heroes and Warhammer 40,000: Dawn of War.
  • Koch Media, owners of Deep Silver of the Dead Island franchise has agreed to purchase Volition (Saints Row) as well as the publishing rights to the Metro franchise.
  • Crytek has reportedly purchased the rights to the Homefront franchise.
  • Take-Two (parent company of 2K and Rockstar) has reportedly agreed to purchase Turtle Rock Studios’ project code named Evolve.
  • Ubisoft has reportedly purchased the rights to publish South Park: The Stick of Truth and THQ Montreal, the current developer of a project code named 1666.

With the reshuffling of all THQ’s assets, many people have lost their jobs. Exact numbers aren’t available but as soon as we know, we will report it.

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Joe Marchese is the founder / Editor in Chief of New Gamer Nation. He has been a gamer for his whole life but has been focusing on his passion to deliver the industry's new to New Gamer Nation. He is an expert of video game culture and has been featured on Fox News Online. Don't be shy to reach out and let him know what you think!