THQ assets bought up by various companies
It looks like THQ is becoming a distant memory as the THQ asset auction has being completed. Studios/IPs including Metro, South Park, Relic and Volition have all being sold off.
According to DDInvesting the auction results were:
- Homeland – bought by Crytek for $500,000
- Metro – bought by Koch Media for $5.8 million
- South Park: The Stick of Truth – bought by Ubisoft for $3.2 million
- Relic – bought by Sega for $26 million
- THQ Montreal – bought by Ubisoft for $2.5 million
- Evolve – bought by Take-Two for $11 million
- Volition – bought by Koch Media for $22.3 million
- There were no bids for Vigil
IPs owned by the respected studios where included in the sale. For example the purchase of Volition included the purchase of the Saints Row series.
According to DDInvesting the Auction made close to $100 million.
THQ: Total proceeds of auction close to $100M Estate retaining cash on hand, accounts receivable, legacy library, to name a few
— Hunter (@DDInvesting) January 23, 2013
According to Kotaku,THQ CEO Brian Farrell and President Jason Rubin sent a following letter to former THQ employees explaining what chapter 11 case and selling off, of studios means for them (THQ employees).
Author: Aaron Meehan
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