Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
Customize
User Settings
Styles:
LAN Parties
Upcoming one-time events:

Regularly scheduled events

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

Email Digg Facebook Twitter   Share More    


 

  
   Current Headlines
Resident Evil Revelations 2 Announced
Flockers This Month
Star Citizen Arena Commander Trial for DragonCon Attendees
Alone in the Dark: Illumination Trailer, Details
Haunted House: Cryptic Graves Trailer, Details
U.K. Sales Charts
Memorial Crowdfunding Roundup
Op Ed
Memorial Interviews
Memorial Previews
Memorial Consolidation
Memorial Mobilization
Memorial Metaverse
Memorial Safety Dance
Game Reviews
Hardware Reviews
etc.
Out of the Blue
Activision Taking Take-Two?
Icewind Dale: Enhanced Edition Announced
  

 



footer

Blue's News logo