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40. Re: THQ Sale Results? Jan 23, 2013, 19:46 Parallax Abstraction
Panickd wrote on Jan 23, 2013, 19:11:
ViRGE wrote on Jan 23, 2013, 18:28:
I can't believe Sega paid 26mil for Relic. That strikes me as obscene.

Really? 26 million is barely enough to fund a single AAA game these days and they got an entire development studio with some proven IP behind them. And it even comes with a game shipping soon in Company of Heroes 2. Sounds to me like they got a crazy good deal.

That's what happens in bankruptcy, you get everything for pennies on the dollar. Sega and the other buyers got smoking good deals, THQ debt holders didn't get much. I think the sale of all the stuff today barely covers one line of credit they had and barely makes a dent in the rest of their debt.

Congrats Brian Farrell, this disaster and all these people out of work is squarely the result of your years of incompetent leadership and unwillingness to step aside. I hope every time you walk into a store, there's a dusty uDraw box on a shelf to remind you of that.
Parallax Abstraction
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