Will THQ Inc go bankrupt

Company of Heroes 2 & Co.: THQ is bankrupt and is for sale

The publisher THQ from the Californian town of Agoura Hills has been struggling with financial difficulties for years. Now the management around the chairman Brian Farrell has filed for bankruptcy on the one hand, but on the other hand has found a buyer with whom the further business operations are to be secured. Layoffs are not planned, the German subsidiary is not affected by the bankruptcy.

  1. Simba Computer Systeme GmbH, Ostfildern (near Stuttgart), Karlsruhe, Oberhausen
  2. Winicker Norimed GmbH Medical Research, Nuremberg

First, a private investment firm called Clearlake Capital Group is to take over, among other things, the four development studios and all games from THQ for 60 million US dollars. Potentially interested companies can then submit a takeover bid, which should, however, be significantly higher than the bid of the buyer who has actually already been found, and has not been named. Clearlake Capital and Wells Fargo are contributing $ 37.5 million to keep day-to-day operations going until this process is complete.

In an open letter, company boss Jason Rubin assures the community that THQ will continue to produce games. He compares the situation with the MGM film studio, which had also filed for bankruptcy two years ago, but can now boast big-screen hits like 007 Skyfall and The Hobbit.

The recently released Humble THQ Bundle, which has sold over 885,000 units and achieved sales of more than $ 5 million, has shown that gamers are definitely interested in THQ's products. The publisher currently has the action game Metro: Last Light, the strategy game Company of Heroes 2 and the role-playing game South Park: The Stick of Truth in the pipeline. In addition, the Frankfurt development studio Crytek is working on a sequel to the first-person shooter Homefront.

Addendum from December 21, 2012, 4:30 p.m.

According to a report by British trade magazine MCV, Ubisoft is keen to take over the five developer students and some of THQ's game brands, including Saints Row, Homefront, Red Faction and the Westling series WWE. According to the report, Ubisoft is primarily concerned with getting the job done at a low price, and not necessarily winning the bid in every case. Ubisoft has so far made just as little public comment as THQ.