More on THQ
Things have just gotten a bit darker for the troubled game publishing giant that is THQ. The company, in the wake of poor financial reports, has seen significantly decreased stock value over the last few months. It’s now so low that NASDAQ has given them a time limit to improve before removing the THQ listing. […]
Financial calls with gaming publishers are typically lengthy. From start to finish, they tend to run around an hour. According to those who listened in to THQ’s call today, the publisher talked for 12 minutes. They wouldn’t even allow for questions. In those 12 minutes, the notes for which you can read by hitting the […]
THQ has officially “filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Court for the District of Delaware,” according to a brand new press release. The company has been struggling for a long time now, and it appears that THQ has been forced to enter into an Asset Purchase Agreement with the Clearlake Capital Group. The […]
Clearlake Capital, as we covered in the story of THQ’s bankruptcy, is an investing group that dumps money into companies and then sells them off once they stand to gain a profit. This purchase is a way for THQ to continue their operations unchecked and, hopefully, eventually land back on their feet.
Rumblings today suggest that one gaming giant is looking to front some cash and acquire THQ’s assets. The word comes by way of MCV as the gaming magazine indicates that sources form Ubisoft have given them word of their plans to big on THQ.
MCV reports that Ubisoft aims to buy THQ when they’re desperate, thus scoring a really nice bargain on the studios and properties the once great publisher is dishing out.
This could be huge for Ubisoft if it goes through. Consider the brands they’ll own if they buy THQ; Saints Row, Company of Heroes, Homefront, Darksiders, Red Faction and Warhammer.
If any clarification is produced by Ubisoft today, we’ll be sure to update this story. For now, how crazy would this be for the future of THQ’s brands?