THQ Files Bankruptcy and Selects Its Buyer

by David Sanchez December 20, 2012 @ 12:36 am


There’s absolutely no way that this news could have completely surprised anyone, right? For a long time now it’s seemed that THQ was being run on borrowed time. Despite some quality titles over the past couple of years, the company simply couldn’t bounce back from its financial woes. It’s a shame, really, but at the same time, the fact that THQ filed for Chapter 11 bankruptcy isn’t the biggest shocker of 2012.

The company ultimately selected its own buyer — Clearlake Capital Group — with the intention of still releasing its projects that are in development and keeping the working employees on board. It looks like current games will not be canceled, and the staff will remain in place.

As a fan of games, I’m glad nothing is happening to my precious, precious upcoming releases like Metro: Last Light. As a human being with a clear sense of right and wrong, however, I’m absolutely ecstatic to learn that at least there won’t be any cruel layoffs. Yay for employment!

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