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Judge Winds Up THQ Bankruptcy

A federal judge has approved video game publisher THQ Inc.’s sell-off of its game titles and development studios and clears the way to end the bankrupt company’s estate. THQ, formerly headquartered in Agoura Hills, filed for bankruptcy in December following years of declining sales. Creditors were paid from the sale of the firm’s games, which include the best-selling “Saint’s Row” and “Company of Heroes” franchises. In January, the bankruptcy estate raised $72 million by selling off game titles and development studios to Take-Two Interactive Software Inc. of New York City, Sega Corp. of Tokyo, French video game maker Ubisoft LLC and two German companies. A second sale in April sold game titles and software to Nordic Games Licensing AB, a Swedish video games publisher; Gearbox Software LLC, of Plano, Texas; and 505 Games Srl, an Italian video game publisher.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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