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THQ Sale Results?

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

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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.
 
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9. Re: THQ Sale Results? Jan 23, 2013, 16:28 Beamer
 
Redmask wrote on Jan 23, 2013, 16:21:
If the worst result of this sale is that I have to click launch twice in Steam and uPlay to get into the South Park RPG then I can live with that. The Koch Media purchase is an odd one, I think they're the parent company behind the Dead Island guys. The companies and IP are often two separate things, it would be good to know which companies are being purchased with their respective IP intact or not.

I'd assume the IPs went with the companies, but it's tough to tell, given that some are spelled out as IP and some as company. If anyone bought Volition but not SR I'd be quite surprised.
 
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8. Re: THQ Sale Results? Jan 23, 2013, 16:27 Cutter
 
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.

 
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7. Re: THQ Sale Results? Jan 23, 2013, 16:26 ASeven
 
RIP THQ. A shame. It now joins the ranks of Ocean and Microprose.  
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6. Re: THQ Sale Results? Jan 23, 2013, 16:25 Parallax Abstraction
 
Beamer wrote on Jan 23, 2013, 16:20:
See ya, Volition. It's been fun.


Also, I enjoy "Ubisoft agreed to purchase Montreal and South Park." Out of context...

Well Ubisoft employs half the bloody province at this point so maybe.
 
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5. Re: THQ Sale Results? Jan 23, 2013, 16:23 Lorcin
 
Shame about Vigil but Darksiders 2 was a bit meh - if that had been before it was released they'd have been snapped up.  
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4. Re: THQ Sale Results? Jan 23, 2013, 16:21 Redmask
 
If the worst result of this sale is that I have to click launch twice in Steam and uPlay to get into the South Park RPG then I can live with that. The Koch Media purchase is an odd one, I think they're the parent company behind the Dead Island guys. The companies and IP are often two separate things, it would be good to know which companies are being purchased with their respective IP intact or not.  
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3. Re: THQ Sale Results? Jan 23, 2013, 16:20 Beamer
 
See ya, Volition. It's been fun.


Also, I enjoy "Ubisoft agreed to purchase Montreal and South Park." Out of context...
 
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2. Re: THQ Sale Results? Jan 23, 2013, 16:19 The Half Elf
 
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.
 
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1. Re: THQ Sale Results? Jan 23, 2013, 16:17 Tumbler
 
Anyone have something to compare these numbers against? Is 26 million for relic a lot? 22 mill for volition and metro?  
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