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Posts tagged clearlake-capital-group

THQ will sell whole unless exceeded by individual asset bids

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 T...

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Creditors, Trustee object to THQ sale conditions

Back when THQ filed for Chapter 11 bankruptcy last month, the plan was for the developer/publisher would be sold to Clearlake Capital Group in one big chunk within 30 days, preventing the need for layoffs and avoiding the need to split THQ's various franchises up and sell them a la carte. While thi...

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