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Thursday, Feb 22, 2024

THQ Completes Sale of Assets

Bankrupt video game publisher THQ Inc. will receive $6.55 million from the sale of its remaining game titles and licensed software. Three buyers purchased the six available lots available through an auction that ended on April 15. The sale is expected to be finalized at a May 13 hearing in U.S. Bankruptcy Court in Delaware. Acquiring the game titles and software were Nordic Games Licensing AB, a Swedish video games publisher, spending $4.9 million; Gearbox Software LLC, of Plano, Texas, spending $1.35 million; and 505 Games Srl, an Italian video game publisher, spending $300,000. THQ, formerly headquartered in Agoura Hills, filed for bankruptcy in December following years of declining sales. 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.

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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