trending / - - - - - - - - -

trending / playstation 4 - ni no kuni - halo - wii u - bungie interview - ces top picks - radeon hd 7850 - woods pga tour

THQ Dissolved, Assets Sold to Competitors for $72 Million

/ Jan 24th, 2013 1 Comment

THQ

THQ

THQ has officially dissolved and the company’s assets have been sold to video game publishers such as Sega and Ubisoft in a bankruptcy auction.

Production studios, game franchises and games in development were bought up by competitors in a closed auction that netted a total of $72 million.

The bidding was full of surprises, as studios were bought by major publishing companies. Many expected EA to use some its cash to clean up at the auctions but that did not happen.

[adsense250itp]Koch Media, home to Dead Island developer Deep Silver, purchased the rights to the Saints Row franchise as well as the game’s Chicago-based developer Volition for $22.2 million. The company also paid $5.9 million to buy the Metro franchise. Metro: Last Light is expected to release in March.

Ubisoft paid $2.5 million for a THQ studio in Montreal. The company behind the Assassin’s Creed series also acquired the rights to new, unannounced IP from the development studio. In addition, Ubisoft purchased the publishing rights to the Obsidian-developed South Park: Stick of Truth for $3.3 million.

Sega won the bidding for the military franchise Company of Heroes. The house that Sonic built spent $26.6 million to purchase the series along with the developer Relic.

The first-person shooter franchise Homefront will now be taken over by developer Crytek, which paid $544,218 to gain control of the shooter series.

South Park: The Stick of Truth

South Park: The Stick of Truth

Take-Two purchased the rights to the new IP Evolve for $10.9 million. The company outbid the game’s own developer, Turtle Rock Studios, for the rights to the game. Not much is known about the game other than it being a co-op shooter.

In an interesting deal, Take-Two, which is home to 2K Sports, also acquired the WWE video game license in a separate agreement outside of the auction process. Terms of the sale are not yet known. It will be interesting to see what happens to the future of WWE games under 2K Games.

Developer Vigil Games, the studio behind Darksiders 2, failed to get any buyers and will be shut down.

It is a sad ending for THQ. The company was founded in 1989 as a toy company before moving onto video games. Despite having many successful games along the way, THQ had several flops. The company filed for Chapter 11 bankruptcy protection in December.

Ryan Bloom

Ryan Bloom

Chief Editor at Gaming Illustrated
Ryan Bloom is a writer and avid gamer from Orange County. He received a B.A. in Communications with a minor in American Studies from California State University, Fullerton in 2010. Follow him on Twitter @BloomsTweets.
Ryan Bloom

tags: , , , , ,

Related Posts

South Park: The Fractured but Whole

New Releases: Week of 10/15/17

Oct 15th, 2017No Comments

Red Dead Redemption 2 Trailer

Red Dead Redemption 2 Story Trailer Released

Sep 28th, 2017No Comments

Hob Preview

New Releases: Week of 9/24/17

Sep 24th, 2017No Comments

Far Cry 5 Preview

Far Cry 5 Preview: AntiSe

Sep 18th, 2017No Comments

  • RIP THQ. I had many fine memories playing great THQ games over the years.

Top Articles

EarthNight Preview: Rhythm & Run Oct 18th, 2017 at 10:38

New Releases: Week of 10/15/17 Oct 15th, 2017 at 10:00

Hob Review: Reclamation Oct 12th, 2017 at 10:00

Steambirds Alliance Preview: Pigeons of War Oct 11th, 2017 at 8:00

Pikuniku Preview: Everything is Perfect! Oct 10th, 2017 at 1:00

What’s in Your Box: Testing Oct 7th, 2017 at 10:00

SoundBlasterX Vanguard KO8 Keyboard Review Oct 6th, 2017 at 12:54

Battle Chef Brigade Preview: Chop, Stir, Fight! Oct 6th, 2017 at 10:00

Yoku’s Island Express Preview: Pinball Beetle Oct 5th, 2017 at 12:00

Tooth & Tail Review: Food Chain Oct 5th, 2017 at 10:00

Hob Review: Reclamation Oct 12th, 2017 at 10:00

SoundBlasterX Vanguard KO8 Keyboard Review Oct 6th, 2017 at 12:54

Tooth & Tail Review: Food Chain Oct 5th, 2017 at 10:00

SteamWorld Dig 2 Review: Striking Gold Oct 3rd, 2017 at 10:00

Destiny 2 Review: Growth in the Light Sep 20th, 2017 at 10:00

Phantom Trigger Review: Dissociation Sep 11th, 2017 at 11:00

Destiny 2 Review in Progress: Brilliant Spark Sep 8th, 2017 at 5:07

Absolver Review: Fists of Fury Aug 29th, 2017 at 12:00

Agents of Mayhem Review: Doing the Most Aug 25th, 2017 at 10:00

Sundered Review: Virtual Insanity Aug 21st, 2017 at 12:00

bestjett buyeww 4891256932 link


besttrew buyhfgh 4891256932 link


bestavbe buydfgss 4891256932 link


bestjett buyeww 6668692418 link


besttrew buyhfgh 6668692418 link


bestavbe buydfgss 6668692418 link


bestjett buyeww 9946958679 link


besttrew buyhfgh 9946958679 link


bestavbe buydfgss 9946958679 link


bestjett buyeww 4736288829 link


besttrew buyhfgh 4736288829 link


bestavbe buydfgss 4736288829 link


bestjett buyeww 8112957757 link


besttrew buyhfgh 8112957757 link


bestavbe buydfgss 8112957757 link