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System Name | natr0n-PC |
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Processor | Ryzen 5950x/5600x |
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Struggling video game publisher THQ announced it has filed for Chapter 11 bankruptcy, but it will continue to operate as it moves forward with an effort to sell its studios and assets.
The publisher of franchises including Saints Row, Red Faction, and Company of Heroes has entered into a "stalking horse bidder" agreement with Clearlake Capital Group. THQ will sell seemingly all its assets and studios, including Austin's Vigil Games, Champaign's Volition, Vancouver's Relic Entertainment, and THQ Montreal Studios.
Despite the announcement, THQ assured stockholders that all its studios remain open, without any planned layoffs. Development on current projects such as Metro: Last Light and Company of Heroes 2 will continue. "The sale and filing are necessary next steps to complete THQ's transformation and position the company for the future, as we remain confident in our existing pipeline of games, the strength of our studios and THQ’s deep bench of talent," Chairman and CEO Brian Farrell said in a statement.
http://arstechnica.com/gaming/2012/12/thq-files-for-chapter-11-bankruptcy-will-continue-to-operate/
The publisher of franchises including Saints Row, Red Faction, and Company of Heroes has entered into a "stalking horse bidder" agreement with Clearlake Capital Group. THQ will sell seemingly all its assets and studios, including Austin's Vigil Games, Champaign's Volition, Vancouver's Relic Entertainment, and THQ Montreal Studios.
Despite the announcement, THQ assured stockholders that all its studios remain open, without any planned layoffs. Development on current projects such as Metro: Last Light and Company of Heroes 2 will continue. "The sale and filing are necessary next steps to complete THQ's transformation and position the company for the future, as we remain confident in our existing pipeline of games, the strength of our studios and THQ’s deep bench of talent," Chairman and CEO Brian Farrell said in a statement.
http://arstechnica.com/gaming/2012/12/thq-files-for-chapter-11-bankruptcy-will-continue-to-operate/