Published on January 24th, 2013 | by Kyree Leary
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.