A truly sad time in the video game industry- THQ, the developer and producer of games such as Company of Heroes and the Saints Row series, has gone bankrupt, its assets auctioned off in a federal bankruptcy court yesterday. Back in November THQ announced that it defaulted on a $50 million loan, causing share prices to drop to a measly $1.60. In a desperate bid to save itsself, they partnered with Humble Bundle and launched the Humble THQ Bundle on November 29, 2012. However, despite raising around $5 million, the company filed for chapter 11 bankruptcy in Decmeber, effectively announcing the end of the company that began in 1989.
Below are the the companies who acquired THQ’s assets, which assets and for how much. Thanks Kotaku:
Relic Entertainment
Makers of Company of Heroes
Winning bidder: Sega, $26.6 million.
Backup: Zenimax Media, $26.3 million.
THQ Montreal
Makers of 1666 and Underdog, titles under development.
Winning bidder: Ubisoft, $2.5 million. No runner-up.
Evolve
(title in development at Turtle Rock Studios)
Winning bidder: Take-Two Interactive, $10.894 million.
Backup: Turtle Rock Studios, $250,000.
Volition, Inc.
Maker of Saints Row
Winning bidder: Koch Media, $22,312,925.
Backup: Ubisoft, $5.4 million.
Homefront
Released 2011; due for a sequel.
Winning bidder: Crytek. $544,218.
Metro
Series; due for the sequel Metro: Last Light.
Winning Bidder: Koch Media, $5,877,551
Backup: Ubisoft: $5.175 million.
South Park
License; South Park: The Stick of Truth is due for release March 5.
Winning bidder: Ubisoft, $3,265,306
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