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Employees of THQ's corporate HQ and Vigil studio will conclude working for the bankrupt publisher today. In a memo obtained by IGN, employees received a "frequently asked questions" memo regarding the end of their employment.The memo notes employees should remove all personal items by the end of th...

January 25th 2013 at 5:00pm 0 Comments
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THQ sold off much of its intellectual property, and existing catalog, yesterday in an auction. But what about all the THQ IP that wasn't included, like Darksiders and (why not) uDraw? THQ president Jason Rubin told Game Informer that other sales of legacy holdings will be forthcoming."There will be...

January 24th 2013 at 12:00pm 0 Comments
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The U.S. Bankruptcy Court has approved the sale of THQ's assets to Ubisoft, Sega, and other companies, THQ announced this morning. The sales are all expected to close today. THQ totals the proceeds from the sale at $72 million, making a total of $100 million when added to the company's estimate of...

January 24th 2013 at 8:45am 0 Comments
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While most of THQ's coffers have already been cleaned out, there's been no official word on any party making a move on the WWE license. An IGN source suggests Take-Two will take over the WWE line of games. The negotiations for the WWE license apparently took place outside of the formal THQ auction,...

January 23rd 2013 at 7:15pm 0 Comments
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The results from THQ's auction reveal not only how much its studios and IPs were worth to other companies, but also an unannounced game: THQ Montreal's Underdog.Ubisoft placed the only bid for THQ Montreal, snagging the studio, Underdog and 1666 for $2.5 million. The filing doesn't list any details...

January 23rd 2013 at 3:57pm 0 Comments
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Joystiq has obtained details on the winning auction bids for the various THQ intellectual properties and licenses made available during the company's bankruptcy auction. We've listed the winning bids and runners up below.To clarify, we've noted whether the asset is a studio, intellectual property (...

January 23rd 2013 at 3:50pm 0 Comments
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The THQ auction has resulted in the company's assets being distributed among several publishers. Developer Volition and the Saints Row franchise, along with the Metro license, have been purchased by Dead Island publisher Deep Silver. Relic Games (Warhammer 40K, Company of Heroes) has gone to Se...

January 23rd 2013 at 3:15pm 0 Comments
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THQ acknowledging the details of yesterday's reported bankruptcy proceedings this morning, confirming its assets will only be purchased a la carte if individual offers exceed a whole buyout."Today's ruling provides a clear path. We will now know definitively by January 23 where we stand," stated TH...

January 8th 2013 at 8:30am 0 Comments
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THQ's bankruptcy, once expected to be the intimate dinner for two that executives of the bankrupt publisher were hoping for, is turning into a Vegas buffet. Over the weekend, U.S. bankruptcy Judge Mary F. Walrath put the kibosh on THQ's eyebrow-raising quick sale to the private equity firm Clearlak...

January 7th 2013 at 3:30pm 0 Comments
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"Who the @!#* is Kevin Dent?" That's how the 2012-encapsulated story of THQ's demise as a publicly traded company began in January. Dent, an industry insider who also chaired the IGDA Mobile SIG, became a bomb-dropping soothsayer of THQ's future. Industry pundits didn't know what to think about him...

December 31st 2012 at 1:00pm 0 Comments