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THQ Auction Ends - Sales of Assets Detailed

Category: Gaming
Posted: 09:59PM

As reported last month, THQ filed for Chapter 11 bankruptcy, prompting a lot of questions on the future of the company's existing franchises and planned future releases. Yesterday marked the deadline for THQ's auction of assets and, although the sales are pending approval from U.S. bankruptcy court, the list of final bids has been revealed.

  • Sega agreed to purchase Relic for $26.6 million.
  • Koch Media agreed to purchase Volition for $22,312,925 and Metro for $5,877,551.
  • Crytek agreed to purchase Homefront for $544,218.
  • Take-Two Interactive Software, Inc. agreed to purchase Evolve for $10.894 million.
  • Ubisoft agreed to purchase Montreal for $2.5 million and South Park for $3,265,306.

A THQ-owned developer you may have noticed is not included in the sales is Vigil, developer of the Darksiders franchise, which means the future for that franchise is still up in the air. All assets not included in the sale agreements, including Vigil, will remain part of the Chapter 11 case, with a letter to all THQ employees stating that the company "will make every effort to find appropriate buyers, if possible."

It's always sad when a game studio closes shop and that's especially true here. THQ has released several great games and if you happen to own any (like from a purchase of the THQ Humble Bundle last month), I highly recommend you give them a shot. In fact, with Metro: Last Light and Company of Heroes 2 on the horizon, it's a perfect time to fire up the first games in those franchises.

Source: All Games Beta

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