THQ has Filed for Bankruptcy, but isn't Totally Dead yet
THQ. Chapter 11 Bankruptcy. Still Alive.
Some of you may now that THQ hasn't been doing amazing lately. As of yesterday, they have filed for Chapter 11 bankruptcy. A statement was then released this morning, saying that THQ has entered into an Asset Purchase Agreement with Clearlake Capital Group's (an investment firm) affiliates.
However, the company had this to say:
THQ will be going through a Section 363 sale process, which lets other interested parties come forward with competing bids.
Thankfully, all its existing in-development games, like Company of Heroes 2, Metro: Last Light, and South Park: The Stick of Truth are all reportedly on schedule during the sale process. Also (thankfully), remember that bankruptcy does not always mean "going out of business". THQ is still alive, but it will be going through changes.
The CEO of THQ, Brian Farrell, reassured us that the company is not dead with this:
So now that we know that THQ isn't going out of business, what was your favorite game or moment from THQ? What was your least favorite game? Post your opinions in the comments below.
» Source: http://www.ign.com/articles/2012/12/19/thq-files-for-bankruptcy
» Tagged In: #bankruptcy, #community showcase, #not dead, #thq