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Posts tagged thq-bankruptcy

Multiplayer shooter Nexuiz tied up in the future of THQ Partners

Nexuiz, an arena-based product of Illfonic and THQ Partners, is in limbo following THQ's bankruptcy and assets sale, during which the Partners brand was not sold. "Our deal with THQ was basically a licensing deal through THQ Partners, so we do have a period of time [in which] THQ has the rights to ...

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THQ formally drops Farrell, Rubin, executive staff

THQ's storybook is down to the final pages, following the rising action of its dropping stock, and the climax of its bankruptcy at the end of 2012 and asset sale in January. Now for the falling action: THQ formally terminated CEO Brian Farrell, President Jason Rubin and Chief Strategy Officer Jason...

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THQ memo asks employees to pack up today

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 t...

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THQ 'back catalog' to be sold off in 'separate process'

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 b...

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Court approves THQ asset sales

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 ...

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Report: THQ's WWE license going to Take-Two

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...

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New THQ Montreal game in auction filing: Underdog

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 detail...

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THQ bid winners, prices and runners-up

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 ...

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Report: THQ assets divided

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 Seg...

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South Park Studios battles THQ over potential sale of The Stick of Truth

On January 18, South Park Digital Studios filed a preliminary objection to THQ's proposed sale of South Park: The Stick of Truth. THQ and South Park Studios entered into a Deal Memo, granting THQ use of certain South Park trademarks and copyrights, on June 29, 2011. THQ filed for Chapter 11 bankrup...

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