[Eishtmo]

I...don't think they'll sell one of their most profitable subsidiaries.

At this point, it won't matter.  They need money, fast.  Best way to do it is sell your most profitable subsidiary for a **** load of money.

[Mort]

Their current stock price is $1.11. They better act fast.

[Ypoknons]

Unless we wanna get a few guys together to put together an LBO whilst the price is down. Cuz that's the way we roll.

Edit - oh wait is their D/E already enough. Nvm then.

[Starks]

Stock price is now 0.36 and the company has filed for bankruptcy.

The Humble Bundle didn't generate enough revenue to save their asses.

Time to sell off assets?

[General Battuta]

Bankruptcy might be a good thing for these guys.

[The E]

It's probably going to mean that THQ's going to be a lot smaller next year. I just hope that will be able to do Saint's Row 4....

[Dragon]

I don't like this. I hope that the licenses from Games Workshop for WH40K and regular Warhammer end up in good hands. THQ had some sort of monopoly agreement with GW regarding those games. I also hope won't get shut down in this mess, or transferred to a company which would waste it's potential.
Ah, and I wonder what those Stompy Bot guys are up to...

[The E]

I hope that the licenses from Games Workshop for WH40K and regular Warhammer end up in good hands.

THQ only had the 40k license, IIRC. And even then, it's not like they did anything with it since SPESS MAUREEN.

I also hope won't get shut down in this mess, or transferred to a company which would waste it's potential.

If anything, forms the core of THQ's profitable developers, given their strong homegrown IPs. Anyway, filing for bankruptcy does not automatically mean that the company is being shut down and its assets dispersed. It just means that the company gets a bit of breathing room and time to consolidate its operations while plans are drafted and enacted to ensure that the remaining debts get serviced.

What I am more worried about is what this means for Obsidian, given that one of their projects was funded by THQ.

[Dragon]

I hope that the licenses from Games Workshop for WH40K and regular Warhammer end up in good hands.

THQ only had the 40k license, IIRC. And even then, it's not like they did anything with it since SPESS MAUREEN.

You're right, Warhammer Fantasy stuff wasn't made by THQ. My bad. Also, it's hardly surprising they haven't produced an 40K title for some time, their spiral into bankrupcy didn't start overnight. There's been some talk of DoW3, but nothing official.

Anyway, filing for bankruptcy does not automatically mean that the company is being shut down and its assets dispersed.

Not usually, but this happens sometimes. I hope you're right in that there's nothing to worry about. But as they say "hope for the best, prepare for the worst".

[Galemp]

Hm.

[The E]

Well, that was quick.
http://www.rockpapershotgun.com/2012/12/19/thq-filing-for-bankruptcy-selling-off-assets/
Seems there's an investor lined up already.

[Colonol Dekker]

 

It was................................


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Snail

[Trivial Psychic]

Just as long as the rights of FS aren't bought up by He-Who-Shall-Not-Be-Named.

[General Battuta]

Just as long as the rights of FS aren't bought up by He-Who-Shall-Not-Be-Named.

But, um, hasn't the whole issue for the past decade or so been that the rights are with Interplay, not THQ?

[An4ximandros]

Just as long as the rights of FS aren't bought up by He-Who-Shall-Not-Be-Named.

Bethesda?

[Gloriano]

Seems like Ubisoft might be interested to buy THQ's assets

http://www.mcvuk.com/news/read/ubisoft-plots-thq-bid/0108645

[Luis Dias]

Just as long as the rights of FS aren't bought up by He-Who-Shall-Not-Be-Named.

But, um, hasn't the whole issue for the past decade or so been that the rights are with Interplay, not THQ?

I looked at Interplay's homepage. They are selling Prehistorik Man for android and other gems like that. (well, I love MDK2 but damn)

e: they are developing Descent for the wii and Battle Chess (!!!) for PC.

[Mikes]

Let's all hope THQ starts shedding assets to make cash.  AKA, selling Volition.

Aka, selling Volition, to EA... ? NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!

[headdie]

here is one, with the increase in the profile of the indie scene over the last few years would be able to raise the capital to go independent and if they do so what would everyone's opinion of that be?

[Dragon]

I'd love to see go indie. Maybe they'd finally do a next Descent of even FS3. It'd be funny if they did the latter, if just to screw with everyone here who says "it'll never happen".