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THQ Sells Off Properties in Final Auction

/ Apr 22nd, 2013 No Comments

THQ
THQ

THQ

THQ auctioned off the bankrupt company’s remaining properties, generating more than $6 million with bids ending April 15.

The second auction included properties left unsold after the original THQ bankruptcy auction in January. Properties sold in the most recent auction include Darksiders and Red Faction.

Details on the winning bids have not been revealed. Court documents show 17 bids were generated from the auction and it brought in between $6 and $7 million.

The winning bids are expected to be submitted to the court in May with sales closing later that month.

Remaining THQ properties were divided into six IP for the auction. The IP up for auction was the Darksiders franchise, the Red Faction series, the Homeworld franchise, the MX franchise, Other Owned Software including Big Beach Sports, Destroy All Humans! and Summoner, and Other Licensed Software including Marvel Super Heroes, Supreme Commander and Worms.

While winning bids were not announced, teamPixel stated the company was outbid in an attempt to purchase the rights to the Homeworld series. teamPixel was trying to raise funds for their bid through crowd-funding but the company fell short to an unannounced bidder.

Crytek, developer of the Crysis franchise, has previously shown in an interest in Darksiders, a franchise fans are hoping finds a new home. The developer purchased Homefront in the first auction.

The previous THQ auction generated a total of $72 million by selling off properties such as Saints Row to Koch Media and Company of Heroes to Sega.

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
Ryan Bloom

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