article thumbnail

THQ Files For Bankruptcy

socalTECH

Agoura Hills-based vidoegame maker THQ has filed for Chapter 11 bankruptcy, and is now seeking a buyer, according to the company Wednesday. THQ said that it has entered into an asset purchase agreement with affiliate of Clearlake Capital Group, L.P. million, subject to court approval. READ MORE>>.

THQ 183
article thumbnail

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.

THQ 196
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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 also said that the court approved Clearlake Capital Group's bid for the entire company.

THQ 138
article thumbnail

THQ, Twentieth Century Fox Tie On RIO

socalTECH

Agoura Hills-based videogame maker THQ said today along with Twentieth Century Fox Consumer Products that they are releasing a new set of games based on the recent RIO movie. THQ said it will ship the RIO video game on the Xbox 360 video game, PlayStation 3, Wii, and Nintendo DS. RIO is set to debut on April 15th.

THQ 250
article thumbnail

THQ Auctions Off Additional Games

socalTECH

Bankrupt videogame maker THQ said Monday afternoon that it has received $6.55M in the sale of six additional lots of its intellectual property, from three buyers. THQ has been auctioning off its entire slate of videogames, after filing for Chapter 11 bankruptcy. THQ was based in Agoura Hills. The firm said it received $4.9M

THQ 147
article thumbnail

THQ Details Buyers, Numbers After Fire Sale

socalTECH

Troubled Agoura Hills-based videogame maker THQ has officially been broken up into pieces and sold, according to the firm Wednesday evening, after a U.S. Bankruptcy Court has granted a motion to approve a sale of the majority of THQ's assets to multiple buyers. Vigil Games and a number of other properties remain with THQ in Chapter 11.

THQ 153
article thumbnail

THQ Sets Sale Of Remaining Games

socalTECH

Agoura Hills-based videogame maker THQ --or at least, what's left of THQ--released the details of how it plans to sell its remaining intellectual property late Tuesday, saying it expects to complete the bidding and sale of the properties by mid-May. THQ sold the rest of its studios and games in a deal last month, worth $72M.

THQ 138