Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 25 January 2013 09:31

THQ’s bankruptcy asset sale approved

Written by David Stellmack



About $72 million raked in from sale


THQ’s sale of assets has been approved by the US Bankruptcy Court, which saw titles as well as studios find new homes with multiple (and some surprising) buyers. The sale netted the THQ estate approximately $72 million, which now makes the total estimated value of the estate about $100 million. That $100 million includes certain assets and other IP that was excluded from sale.

THQ’s publishing business as well as Vigil Games and certain other assets and IP will remain part of the THQ estate and continue in the Chapter 11 process. It is possible that some of the remaining IP as well as Vigil Games could still be sold and find a new owner, but sources tell us we are still some time away from seeing the entire remaining THQ bankruptcy sorted out.

The sales from the auction that are now approved will close today and the saga will continue; but experts tell us that any hope for a THQ restructuring that would allow the company to remain intact and continue are gone.

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments