Game News

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}

Game News
@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.

More in Game News

Destiny Ghost BagoGames

Destiny’s Recast Peter Dinklage With Uncharted’s Nolan North

Tim GruverAugust 4, 2015
Call of Duty Xbox Nope BagoGames

Activision’s Not Bringing Old Call of Duties to Xbox One

Tim GruverAugust 4, 2015
Halo 5 Limited Edition Xbox BagoGames

Halo 5 Has a Limited Edition Xbox One – It Looks This Good

Tim GruverAugust 4, 2015
adventures of pip

Adventures of Pip Comes To PS4 and Xbox One Later This Month

Chris PenwellAugust 4, 2015
halo wars 2

Halo Wars 2 Announced

Chris PenwellAugust 4, 2015
Battletoads Rash Killer Instinct BagoGames

A Beefy Battletoad is Now in Killer Instinct

Tim GruverAugust 4, 2015
Just Cause 3 Burn it Down BagoGames

Buy Just Cause 3 on Xbox One and Get Just Cause 2

Tim GruverAugust 4, 2015
Monster Hunter X, Capcom

Monster Hunter X Promos Reveals Hammer & Hunting Horn Weapons

Eleni DiCarloAugust 3, 2015
MGS V Steam BagoGames

Metal Gear Solid V PC is On Time, Its Online Mode Isn’t

Tim GruverAugust 3, 2015