Yesterday, THQ was granted a motion to approve the sale of a majority of their assets to multiple buyers from the US Bankruptcy Court. THQ has noted that they will receive approximately $72 million, according to an article by IGN. This makes the THQ estate worth a grand total of $100 million when you add certain assets and other IPs that were excluded from the sale, according to the article.
THQ CEO Brian Farrell said that it has been a "to work alongside this great group of people" and that he is proud of the games that they have created, according to the article. He also went on to say that he hopes the talent assembled at THQ-owned development studios will continue to make an impact on the video game industry by making quality games.
As for who bought the development studios formerly owned by THQ, it goes as follows. Sega now owns Relic, developers of Company of Heroes 2 and Warhammer 40,000 Dawn of War. Koch Media now owns Volition and their development studio, Deep Silver, will be in charge of the Saints Row series and Metro series.
Crytek, who is currently developing Homefront 2, purchased the rights to the Homefront series. Take Two, the parent company of 2k and Rockstar Games, purchased Turtle Rock Studios' project codenamed Evolve. Lastly, Ubsoft purchased the rights to publish South Park: The Stick of Truth and THQ Montreal.
It's sad to see a company that has been in the Industry so long fall apart after years publishing great video games. It's even more sad to think about all of the people that will possibly lose their jobs due to this massive break up. My wishes go out to the people who will be affected by this.
To read more and see the letter issued to THQ employees by CEO Brian Farrell, check out IGN's coverage of this story.
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