THQ dissolved, assets split apart

[Matt Murdock]

THQ as a company is basically done. Yesterday saw the announcement of what companies were buying THQ's assets. Ubisoft, Sega, and other companies quickly came in to scoop up the current THQ assets and licenses. Gamers breathed a little easier knowing "Saints Row" and the "WWE" franchises (among others) would continue.

This morning the U.S. Bankruptcy Court approved the sale of assets from THQ to the various companies that ponied up the cash. The sales should close today, and would put THQ's total proceeds in at $72 million. When adding in the companies current remaining assets, the total amount of cash they should have is around $100 million.

Brian Farrell, CEO of THQ, issued this statement: "While we had hoped that the restructuring process would allow the company to remain intact, I am heartened that the majority of our studios and games will continue under new ownership."

It's good to hear that studios won't have to be closing. It's bad enough that various THQ employees who can't get in on the sale are losing their jobs, it'd be even worse if studios were closing and losing people in the transition.

Jason Rubin, who recently became the new president of THQ, issued this statement: "I was brought in eight months ago to help turn this ship around," Rubin said, "and while I'm disappointed that we could not effect a sale for the entire operating business, I am pleased that the new buyers will be providing jobs to many of our very talented personnel. When we first announced the sale process, I said I would be happy if the company's games and people had a bright future, even if it meant I did not have a job at the end of it. And I still feel that way."

Don't remember THQ for how they ended, nearly broke and selling off everything. Remember all the great games they produced over the years.

http://www.pushsquare.com/news/2013/01/thqs_assets_are_divided_deep_silver_snatches_saints_row

http://www.usatoday.com/story/tech/gaming/2013/01/23/thq-dissolved-assets-split/1860267/

List of THQ games

[Batta]

No more Saints Row I hope..

No more Company of Heroes?? 


Quite sad anyway.

[Matt Murdock]

No more Saints Row I hope..

No more Company of Heroes?? 


Quite sad anyway.

http://www.ign.com/articles/2013/01/23/thq-dissolved-saints-row-company-of-heroes-darksiders-devs-acquired

Man I can't even imagine Saints Row being produced by Deep Silver, its like GTA being made by EA. 

[SugarD]

This is very unfortunate...

I took a look at their list of games just now. It seems they haven't produced many noteworthy games since the N64 and PS2 eras. That is likely why they are sadly headed to such a spiraling downfall.

[Cross]

THQ.. have so many good memories with that company.
UFC tournaments, Company of Heroes, Metro and the list goes on.

[Pandalink]

Man I can't even imagine Saints Row being produced by Deep Silver, its like GTA being made by EA. 

The developer hasn't changed.

[Matt Murdock]

The developer hasn't changed.

But Publisher has, That's still like EA producing GTA, instead of take two.

[Huntsman]

They never made any goods games anyway, with an exception of Worms

[Batta]

They never made any goods games anyway, with an exception of Worms

Red Faction, Saints Row and Company of Heroes were great successes despite the opinion you can have about them.

[Huntsman]

Red Faction, Saints Row and Company of Heroes were great successes despite the opinion you can have about them.

Yeah, i forgot about the Company of Heroes , it's good, and yeah Homefront. But other games are.. well.. crap.

[[WS]Jacob]

They never made any goods games anyway, with an exception of Worms

You forgot Bratz

[Batta]

Yeah, i forgot about the Company of Heroes , it's good, and yeah Homefront. But other games are.. well.. crap.

Even the best Houses may have released crap games. Just take a look to the publications of the main ones, that could surprise you

[Pandalink]

But Publisher has, That's still like EA producing GTA, instead of take two.

:wow: don't even say that bro.

They never made any goods games anyway, with an exception of Worms

Dawn of War?

[Matt Murdock]

Yeah, i forgot about the Company of Heroes , it's good, and yeah Homefront. But other games are.. well.. crap.

Saints Row 3 is awesome, that's the only series to get anywhere near GTA(despite watchdogs coming this year from Ubisoft). Maybe you never even played it?

:wow: don't even say that bro.

Ikr. 
Post Merge: January 28, 2013, 05:03:15 pmhttp://www.stuff.co.nz/southland-times/technology/8231459/The-five-games-that-sank-THQ

[~Legend~]

Will always remember THQ from my childhood... playing WWE or something like that? :p