Looks like Ubisoft is taking over, including the WWE division...
THQ possibly done
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Re: THQ possibly done
Looks like Ubisoft is taking over, including the WWE division...
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Re: THQ possibly done
Looks like Ubisoft is taking over, including the WWE division...
http://www.vg247.com/2012/12/21/ubis...in-bid-rumour/Originally posted by BlzerLet me assure you that I am a huge proponent of size, and it greatly matters. Don't ever let anyone tell you otherwise.
If I went any bigger, it would not have properly fit with my equipment, so I had to optimize. I'm okay with it, but I also know what I'm missing with those five inches. :)Comment
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Re: THQ possibly done
Only thing I really care about at the moment from THQ is the Darksiders series. Darksiders 2 is one of my favorite games of the year. Was hoping to see a couple more games in the series, hopefully another company will acquire the studio and rights.My Teams
College: Michigan Wolverines
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Didn't THQ release Jeopardy and Wheel of Fortune recently.
Do you really care where I sent this from?MLB: Texas Rangers
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I own a band check it outComment
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Re: THQ possibly done
They can't even go bankrupt right apparently...
Creditors don't expect to get everything they're owed when a company enters any form of bankruptcy, but THQ's say they're getting screwed in the publisher's arrangement to sell off its assets and start over. Three creditors have filed objections, reports Gamasutra, and so has the government trustee overseeing the bankruptcy.
The creditors allege THQ and the private equity firm Clearlake Capital Group have rigged the sale, ostensibly an open bidding process, to ensure that Clearlake gets all of the company's assets. They've got a problem with THQ's existing management team staying in control. And they say the whole process has been sped up—and deliberately initiated the week before Christmas—in order to guarantee Clearlake wins out.
All of this, they say, points to a process where THQ and Clearlake are not reorganizing the company in a way that's as fair to creditors as it is to THQ, which is what the bankruptcy process is supposed to be about. The bankruptcy trustee herself says the sale's timing, the fees and expenses to be charged to bidders, and minimum overbid amounts called for "may chill bidding." Other than Clearlake's bid, of course, which gets THQ for $60 million if no one else steps forward.
In short, the creditors want THQ's assets sold for as much as possible, so they take less of a loss when THQ's debts are settled. That would involve a process with multiple bidders buying up parts of the company. THQ and Clearlake want to keep everything together in one transaction.
THQ has called Clearlake's offer an "invest[ment] in a new start for our company," one that allows THQ to finish games like Metro: Last Light and South Park: The Stick of Truth. Clearlake would get the studios, code and game franchises THQ owns and would shoulder the obligations of the contracts it has. (Notably, nothing has been said about the future of the WWE line of games THQ makes, while licensed titles like Stick of Truth have been specifically named as scheduled for completion.)Comment
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Re: THQ possibly done
Judge blew up their plans today, individual asset liquidation for auction now scheduled for 1/22.
Would get real interesting if Sony/MS participated and made some or all of these properties exclusive to their consoles going forward.Comment
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Re: THQ possibly done
Can't say I'm surprised by that ruling. Not sure what THQ was thinking with that one. It will be interesting to see where the different games wind up going. My guess is that EA will make a run at WWE.Currently Playing:
MLB The Show 25 (PS5)Comment
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Re: THQ possibly done
GameStop pulled Metro: Last Light from its Impulse digital download service, telling GameSpot that the uncertain fate of its publisher, THQ, is the reason.
"Due to THQ's current financial situation and uncertainty of delivery, in order to protect our consumers we removed the ability to pre-purchase that specific game," GameStop's top spokesman told GameSpot.
THQ is currently in Chapter 11 bankruptcy protection and selling off its assets, including projects in development and the studios making them. Bids are due Tuesday; the auction will be conducted on Wednesday.Comment
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Re: THQ possibly done
IT will be interesting if MSFT, Nintendo, or Sony are one of those 13 parties.Comment
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Re: THQ possibly done
I would absolutely love if Sony bought it.
I'd be worried if Warner Brothers bought it. Who would they give it to? If anyone, I'd like to see them give it to Rocksteady Studios because in their first three games, they made two of arguably the greatest games of all-time.. but there's a big difference between making a WWE game and a Batman game.
I've never played EA Sports MMA, but people have said it's really good.
Just, with EA's track record with the current gen, I can't trust them.--
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