Post Comment - Blue's News

THQ Sale Results?

[Jan 23, 2013, 5:12 pm ET] - Share - Viewing Comments

Kotaku has what they say is the letter sent to all the (now former) staff of THQ by CEO Brian Farrell and president Jason Rubin. This outlines how some of the company's assets have been divided, noting that some properties remain unsold, including their publishing operation, Vigil, and some other IPs. Here are the details provided in the letter, which remain unconfirmed at the moment:

Yesterday morning, we received a competing bid for the operating business, along with Clearlake's offer, and numerous offers for separate assets.
During an auction process that lasted over 22 hours, the final conclusion was that the separate-asset bids would net more than a single buyer for the majority of the company.
Shortly, we will, present the results to the U.S. Bankruptcy Court, which must concur with our assessment.
The proposed sales of multiple assets is as follows :
- Sega agreed to purchase Relic
- Koch Media agreed to purchase Volition and Metro
- Crytek agreed to purchase Homefront
- Take 2 agreed purchase Evolve and
- Ubisoft agreed to purchase Montreal and South Park

Post Comment
Enter the details of the comment you'd like to post in the boxes below and click the button at the bottom of the form.

10.

Re: THQ Sale Results?

Jan 23, 2013, 16:30

Beamer

Cutter wrote on Jan 23, 2013, 16:27:
The Half Elf wrote on Jan 23, 2013, 16:19:
22 mill for Volitionm, does that include their IP's?

Anyone wondering Kock Media is Deep Silver. REALLY wish Take 2 would have bought Volition, would have loved a Saints Row game with Rockstar Tech.

Yeah I thought it would have been natch for them to want to get their hands on Saints Row. Dunno how well it bodes with Koch getting it. I suppose only time will tell.

Take 2 would have killed SR if they bought it. Why buy your biggest competitor and keep producing it? But SR barely eats into GTAs sales, so why bother at all?

And, personally, I dislike the GTA tech. The graphics are great but the controls feel off to me. Running feels weird, driving feels terrible, and combat is crap relative to SR.




------------- Music for the discerning: http://www.deathwishinc.com http://www.hydrahead.com http://www.painkillerrecords.com

Subject

Comment Enter your comment here, but please respect the forum rules (below).

;) :( :o %) :) :| ;P X| :D More

If you have a signature set up, it will be automatically appended to your comment.
If you don't already have a Blue's News user account, you can sign up here.
Forgotten your password? Click here.

Email me when this topic is updated.

Special Codes

b[bold text]b
i[italic text]i
u[underline text]u
-[~~strikethrough text~~]-
c[code text]c
+[bullet point]+
q[quote text (indented)]q
[quote="Author"]quote text (indented)[/quote]
[url=Link]text[/url]
r{red text}r
g{green text}g
b{blue text}b
m{maroon text}m
s{secret text (shows in the background colour)}s

Forum Rules

Disagree all you want but attacks of a personal nature will not be tolerated.
Ethnic slurs and homophobic language will not be tolerated.
Do not post spam, links to warez sites, or instructions on how to obtain pirated software.
Abusing the forums in any manner that could be construed as 'griefing' will not be tolerated.