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THQ Chopped Into Tiny Pieces, Scattered To The Winds

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Bankrupt Agoura Hills-based videogame publisher THQ has been chopped up into pieces, and scattered to the winds, after an auction sale of the firm's assets Wednesday. THQ had hoped to sell THQ to Clearlake Capital or another buyer, but apparently found that the separately sold assets would net more than a single buyer.

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THQ Seeks Buyer As Sales Slip

socalTECH

Agoura Hills-based videogame maker THQ is looking for a buyer, after reporting less-than-stellar results on Monday afternoon. THQ said it has hired an investment banker to help it consider "strategic alternatives", in hopes of raising additional capital to bring a number of titles to market. The firm also reported a net loss of $21.0M.

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THQ Drastically Lowers Sales Guidance

socalTECH

Agoura Hills-based videogame maker THQ has drastically lowered its sales guidance, saying early this morning that it has updated fiscal guidance for its fiscal first quarter ending June 30th and fiscal year ending March 31, 2011, due to "lower than anticipated sales" of its title UFC Undisputed 2010, plus a strengthening US dollar.

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THQ Expects Big Holiday Quarter

socalTECH

Agoura Hills-based videogame maker THQ said Thursday that it expects to see the "biggest quarter in company history" due to holiday sales this season, as it reported nearly doubling its net sales in the three months ended September 30th. The company said it had net sales of $146.0 in the prior year period.

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THQ Axes Expansion Plans, Delays Saints Row Release

socalTECH

Agoura Hills-based videogame maker THQ is shifting its plans today to release an expansion for Saints Row: The Third. THQ said the move came due to a desire to "expand the fiction of the franchise." THQ said the move came due to a desire to "expand the fiction of the franchise."

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THQ Raises Q4 Outlook

socalTECH

Agoura Hills-based THQ , the embattled videogame maker, is finally seeing some good news, reporting today that it is expecting to report non-GAAP net sales of $160 million to $170 million, above its previous outlook of $130 million to $150 million.

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THQ To Lay Off 600

socalTECH

Agoura Hills-based THQ , a developer and publisher of video games, said Wednesday that it is making "additional cost reduction actions" which includes the layoff of approximately 600 people, or 24 percent of the company's workforce. THQ said the move was a response to the continuing uncertainty in the market. READ MORE>>.

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