AGOURA HILLS, Calif. – April 22, 2013– THQ Inc. (OTC: THQIQ) today announced that it has completed the bidding and sale process on certain of its intellectual properties (IP) with three buyers emerging to pay $6.55 million for the six available lots, subject to Bankruptcy Court approval.

UPDATE: Vigil Games, the developer of Darksiders, has been closed. Original Story We reported earlier regarding THQ's bankruptcy that their assets would be made available in a public auction. That au

When THQ filed for bankruptcy late last year, the United States Bankruptcy Court of Delaware ordered the company to place their assets up for auction. The first auction resulted in new homes for the In April 2013, Nordic Games acquired all left-over properties from the bankruptcy auctions of American video game publisher THQ for US$4.9 million. Included in the deal were over 150 individual games, including the Darksiders, Red Faction, and MX vs. ATV franchises. 2013-01-24 · THQ officially comes to an end and consequently, it had to sell off its assets in an auction. This brought about some interesting developments including a new title never heard of before.

Thq bankruptcy auction

Moreover, we don't know how much of Several major properties are scooped up by other publishers, though a few are left holding the bag. THQ split up and sold in five parts through bankruptcy auction Take 2, Sega, Ubisoft, Crytek among proposed new owners of popular game series. Kyle Orland - Jan 23, 2013 9:10 pm UTC 2013-01-24 Parties involved in the THQ bankruptcy case reach agreement. There will be an asset auction on 22 January, with "title by title" sales approved by the court.

While we know that the THQ auction had a total of 17 final bids, and it generated between $6 and $7 million, there is no word on where each property ended up. Moreover, we don't know how much of THQ split up and sold in five parts through bankruptcy auction Take 2, Sega, Ubisoft, Crytek among proposed new owners of popular game series. Kyle Orland - Jan 23, 2013 9:10 pm UTC 2013-01-24 · Though the sales are not official yet, as every buy must adhere to government approval as per the rules of filing for bankruptcy, the auction winners have been announced.

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Kyle Orland - Jan 23, 2013 9:10 pm UTC 2013-01-24 · Though the sales are not official yet, as every buy must adhere to government approval as per the rules of filing for bankruptcy, the auction winners have been announced. UPDATE: Vigil Games, the developer of Darksiders, has been closed.

2013-01-05

– April 22, 2013– THQ Inc. (OTC: THQIQ) today announced that it has completed the bidding and sale process on certain of its intellectual properties (IP) with three buyers emerging to pay $6.55 million for the six available lots, subject to Bankruptcy Court approval. THQ to auction off remaining franchises, including Darksiders, Red Faction, and Homeworld. THQ has announced plans to sell off its remaining IP in an auction to end by May. 2013-01-23 · In December, THQ filed for bankruptcy. Clearlake Capital, an equity firm, immediately filed a motion to acquire THQ’s assets intact for $60 million. THQ is no more: the bankrupt publisher and developer auctioned off its assets in U.S. Bankruptcy Court today. Though the court must still approve the sales, a letter from THQ's CEO (which was Some THQ assets still up for grabs after bankruptcy auction Fate of Homeworld, WWE, and Vigil Games still unsettled.

That’s how it seemed last month when the publisher confirmed its status of bankruptcy and began to auction off some of its major studios and intellectual THQ's bankruptcy procedure states that it's accepting offers until January 9 and that a sale is going to be confirmed on January 10. Considering these two new objections, the whole process might THQ have responded to this move with a court filing of their own, arguing that due to an exclusive license being given to them in the contract, they are within their rights to put it up for auction alongside its wholly-owned assets, and that their debts to South Park Digital Studios are ‘already satisfied’, with additional documents being shown to the court as proof. Se hela listan på thq.fandom.com 24 Jan 2013 As part of the auction, Ubisoft also acquired the publishing rights to South Park: The Stick of Truth, a game still under development. However, THQ 23 Jan 2013 The bankrupt publisher also claims that its debts to South Park Digital Studios have already been satisfied, providing additional documents to the 25 Jan 2013 Bankrupt publisher to be broken apart, with games and studios sold to The formal THQ auction document reveals an unannounced game 27 Feb 2013 Defunct video game publisher THQ will auction off its remaining assets by mid- May as part of its ongoing journey through bankruptcy. 25 Jan 2013 Japan's Sega snapped up THQ's Canadian game development firm, Relic Entertainment Studio, at a bankruptcy auction, acquiring the maker 23 Apr 2013 Subject to approval of the bankruptcy court overseeing THQ's case, and THQ expect the US Bankruptcy Court to hear the motion for the sale 13 Jun 2014 Will use THQ brand to sell franchises bought at bankruptcy auction. Creditors initially said the proposed sale of THQ in bankruptcy court benefited 23 Jan 2013 and publisher THQ which filed for bankruptcy last month.
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On the block? 2013-01-23 2013-01-23 2013-01-24 While the U.S. Bankruptcy Court still has to approve the proposed sales, a letter from THQ CEO Brian Farrell to the company's employees, published on Kotaku and elsewhere, treats the auction Goodnight, sweet publisher.THQ is no more.The publisher, which found itself on the wrong end of a bankruptcy-induced auction yesterday, will dissolve 2013-01-25 2013-01-24 2013-01-05 2013-04-22 2013-01-23 2013-01-22 AGOURA HILLS, Calif. – April 22, 2013– THQ Inc. (OTC: THQIQ) today announced that it has completed the bidding and sale process on certain of its intellectual properties (IP) with three buyers emerging to pay $6.55 million for the six available lots, subject to Bankruptcy Court approval.
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Update 5: After adjourning its first hearing today, THQ reconvened at 3:00PM and announced that a compromised was made among various parties. A form of order has yet to be presented but the general takeaways: Bids are due 9am January 22nd Auction will be held 3pm on January 22nd

Debtor is a limited (emphasis added); In re THQ Inc., 2013 Bankr. LEXIS 783, at 30 Jan 2019 Nordic bought the rights to Darksiders following THQ's bankruptcy auction in 2013. Vigil Games, the original developers of Darksiders closed in 22 Jul 2013 Nintendo To Acquire Atlus In Parent Company Bankruptcy Auction? they kinda missed out on buying some of THQ's IP's, hope they don't Since the WWE Games franchise was not a part of the THQ auction, no other Before THQ went bankrupt, work was already underway for WWE '14 and the In April 2013, Nordic Games acquired all left-over properties from the bankruptcy auctions of American video game publisher THQ for US$4.9 million.

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Kyle Orland - Jan 23, 2013 9:10 pm UTC 2013-01-24 Parties involved in the THQ bankruptcy case reach agreement. There will be an asset auction on 22 January, with "title by title" sales approved by the court. 2013-01-05 The ultimate fate of franchises big and small -- like Darksiders , Red Faction , Titan Quest , Drawn to Life , and many more -- has been decided in THQ's latest round of IP sell-offs.