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THQ Inc. Files for Bankruptcy [34258]

 
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ggrobot
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PostPosted: Wed Dec 19, 2012 9:17 pm    Post subject: THQ Inc. Files for Bankruptcy [34258] Reply with quote

Videogame maker THQ Inc. /THQI -69.38%/ filed for Chapter 11 bankruptcy, and said its assets will be acquired by affiliates of private equity firm Clearlake Capital Group L.P. in a roughly $60 million deal. The company said Clearlake - -a so-called uot;stalking horse bidder,uot; or the lead bidder in a bankruptcy s

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Source: GGMania headlines
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Csimbi
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PostPosted: Wed Dec 19, 2012 10:06 pm    Post subject: Reply with quote

Now that CoH2 was coming?
I could cry.
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tride
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PostPosted: Wed Dec 19, 2012 10:14 pm    Post subject: Reply with quote

And how is that possible when they have such a hit tittles coming out ? Rolling Eyes Some financing games they play now...
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Thudo
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PostPosted: Thu Dec 20, 2012 1:15 am    Post subject: Reply with quote

Whooaa.. never saw that coming..

Still modding Dawn of War 1 (circa 2004) and waiting on what looks like an impressive Dawn of War 3 next year..

Well.. now what? Neutral
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Csimbi
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PostPosted: Thu Dec 20, 2012 1:59 am    Post subject: Reply with quote

Nope, this was the last company I expected to report bankruptcy as they had such great titles. I wonder if they had started on CoH2 earlier they might be selling it by now.

DoW and CoH are near the very top of my all-time-favourite list.

I guess someone will buy them - but, I'm afraid it means assets only, not the talents. It's sad because that means that a great series will be twisted into something new - something that the fans most likely won't like.

I guess it's time to pull out DoW from the closet and honour these guys by playing it again.

The good news is that whoever buys it might want some cash, so chances are good that they will put them on GOG - and finally we got to play it disruption-free.
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Stumpus
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PostPosted: Thu Dec 20, 2012 1:47 pm    Post subject: Reply with quote

There has been long term warnings that THQ was in difficulty. Just check business news or game news for instance on a tablet. Resident Evil 6 never sold what it expected either and has put Capcom back in development of future titles.
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Csimbi
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PostPosted: Thu Dec 20, 2012 5:34 pm    Post subject: Reply with quote

That may be, it was an "out of the blue" kind of experience for me.
I guess I did not follow the right forums...
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