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THQ receives approval to liquidate


Never forget that Death was THQ's final protagonist. Late yesterday, the US bankruptcy court in Delaware approved the liquidation of Toy Head Quarters (THQ). Unless you're a creditor seeking some kind of back-pay or compensation, this is likely the last you'll hear about THQ.

As Bloomberg reports, from here on out it's a scramble for whatever cash exists from the multiple intellectual property and asset auctions the company went through. Depending on what happens during several hearings scheduled over the next three months, creditors could receive 20 percent to 52 percent of what they are owed.

The percentages noted could be on an even wider sliding scale based on other factors the lawyers and accountants are sure to enter an octagon over. The current estimate on claims is between $143 million to $184 million. RIP, THQ.

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