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U.S Bankruptcy Court Has Approved of the Sale of THQ’s Assets

U.S Bankruptcy Court Has Approved of the Sale of THQ’s Assets

The U.S Bankruptcy Court has motioned a grant which approves of the sales of THQ’s various assets that were auctioned off to several publishers. The new studios/IP/publishers match ups were revealed yesterday, as was a very heartfelt letter that was sent out to all of THQ’s employees.

To recap: Relic went to Sega, Volition, Saints Row and Metro went to Koch Media, Homefront was acquired by Crytek, Take-Two claimed Evolved and THQ Montreal and the South Park RPG went to Ubisoft. Vigil and the Darksiders IP still rest with THQ, who hopes to find a potential buyer; the company is also expecting the court to enter a formal order sometime tomorrow.

“I was brought in eight months ago to help turn this ship around, and while I’m disappointed that we could not effect a sale for the entire operating business, I am pleased that the new buyers will be providing jobs to many of our very talented personnel. When we first announced the sale process, I said I would be happy if the company’s games and people had a bright future, even if it meant I did not have a job at the end of it. And I still feel that way,” said Rubin.

While many of the new owners have yet to come out and explain their intentions with their new properties, Koch Media (Deep Silver), in a statement sent to VG247, stated that they will be heading up all development of the Saints Row franchise and welcome their new employees.

{Source: Market Watch, VG247}

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@https://twitter.com/Kyree_Kero

Kyree has always been around video games to some degree, but he never truly fell in love with them until the grand old age of 11. When not writing for his second home, BagoGames, you can find him lurking on Twitter (@Kyree_Kero) or at Leviathyn.com.

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