THQ Dissolved Through Bancruptcy Court Approved Auction

by Staff January 24, 2013 @ 9:12 am

THQ

We had previously reported back in December on THQ’s plan to be bought by Clearlake Capital Group in order to remain intact. Unfortunately this plan did not come to pass due to the bankruptcy court judge rejecting the proposal after complaints were raised by lenders.

Earlier this week an auction was held in which interested parties could purchase studios and IPs held by THQ. Here’s the end result according to Distressed Debt Investing:

  • Relic – purchased by Sega for $26 million
  • Volition – purchased by Koch Media for $22.3 million
  • Evolve (IP) – purchased by Take-Two for $11 million
  • Metro (IP) – purchased by Koch Media for $5.8 million
  • South Park (IP) – purchased by Ubisoft for $3.2 million
  • THQ Montreal – purchased by Ubisoft for $2.5 million
  • Homefront (IP) – purchased by Crytek for $500,000

It remains to be seen what will happen to the rest of the assets; of particular note is Darksiders studio Vigil Games whose future looks very bleak at the moment.