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THQ Broken Up and Sold Off, Final Letter to Employees Emerges

by Joey Davidson | January 23, 2013January 23, 2013 12:25 pm PST


THQ has now been broken up into little bits and sold off to gaming publishers around the world. Their assets are in virtual transit, and the publishing brand no longer exists.

The news was delivered to employees by way of a letter from the now former THQ President Jeff Rubin and CEO Brian Farrell.

Kotaku received the letter, which you can read in full by hitting the source link at the base of this post, from one of THQ’s former employees. Here’s the chunk of it that details where each property and studio is heading:

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

Evolve was an unannounced game, that’s now owned by the same company that publishes Rockstar’s efforts. Crytek is working on the next Homefront, so that makes sense. Ubisoft scored big with South Park. Finally, Koch Media is the parent company of Deep Silver, the house that published Dead Island.

As for the employees currently working at each of these studios and on these projects? Here’s a quick line from the letter:

We expect that most employees of the entities included in the sale will be offered employment by the new owners. However, we cannot say what these owners may intend, and there will likely be some positions that will not be needed under the new ownership.

THQ is no longer a thing. That’s weird.


Joey Davidson

Joey Davidson leads the gaming department here on TechnoBuffalo. He's been covering games online for more than 10 years, and he's a lover of all...