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THQ Bankruptcy Sale Delayed

socalTECH

The bankruptcy sale of Agoura Hills-based videogame publisher THQ has been delayed until January 22nd, after a judge ruled yesterday that the delayed sale will allow other interested parties to bid for individual assets or the entire company. THQ was forced to declare bankruptcy on December 19th.

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THQ Chopped Into Tiny Pieces, Scattered To The Winds

socalTECH

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. in revenues. READ MORE>>.

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THQ Gains Credit Facility

socalTECH

Agoura Hills-based videogame maker THQ today said it has entered into a new credit facility with Wells Fargo Capital Finance, worth up to $50M for working capital, plus increases to $75M during peak sales periods. The credit facility replaces an earlier facility it had with Bank of America. READ MORE>>.

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