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THQ assets sold off to multiple buyers

THQ assets sold off to multiple buyers

THQs assets have all gone their separate ways, including upcoming South Park RPG, the Stick of Truth, which has landed at Ubisoft.

The sale of THQ and the auctioning of its assets has completed, marking the end of the publisher.

Although efforts were made to sell the company's efforts to a single company, THQs properties and developers were instead picked up by several other publishers.

Sega has bought Company of Heroes and Dawn of War developer Relic, Koch Media has bought Saints Row developer Volition along with the Metro series and Crytek bought Homefront. Take 2 scooped up new IP Evolve, outbidding the game's developer Turtle Rock Studios.

THQ Montreal has been sold to Ubisoft along with the rights to the upcoming South Park: Stick of Truth. The inclusion of the South Park title in the asset auction was contested by its licensor, the South Park Digital Studio, as it was claimed that THQ was not allowed to reassign the license to another company without the permission of the license owner. The sale appears to have gone ahead anyway.

The sales are all expected to close by the end of the week. Developer Vigil and rights to the Darksiders and WWE IPs were not sold during the auction and the fate of a lot of the smaller, older franchises has not been ascertained. Everything not included in the sale will remain a part of the Chapter 11 bankruptcy case with THQ still attempting to sell them if possible.

'We expect that most employees of the entities included in the sale will be offered employment by the new owners. However, we cannot say what these owners may intend, and there will likely be some positions that will not be needed under the new ownership,' wrote THQ chief executive Jason Rubin in a letter to the publisher's employees, published by Kotaku. 'We were hoping that the entier company would remain intact, but we expect to hear good news from each of the separate entities that will be operating as part of new organisations.'

THQ started bankruptcy proceedings in December 2012 with the embattled publisher having a long running struggle over most of the year. The company did however manage to boost its share price by 40% earlier on in December by raising $5m in sales through its pay-what-you-want Humble Bundle promotion.

7 Comments

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Griffter 25th January 2013, 08:53 Quote
Company of Heroes nooooooooooooooo!!!!!!! if they come out very very soon then im sure its fine, otherwise goodbye to Company of Heroes as we know it.. now i fell so crappy, great news to start the day :'-(
DrTiCool 25th January 2013, 10:08 Quote
Company of Heroes in arms of Sega, don't get me wrong I love Sega but hell they're doing not so good since fail of Dreamcast. Goog luck to Relic
Griffter 25th January 2013, 10:14 Quote
sega will release COH as a driving sim.
liratheal 25th January 2013, 11:43 Quote
Um.. Do none of you three know of Total War games and their developer Creative Assembly?

Sega published, and not crap. Chances are, the THQ RTS games will end up being just fine in their new home.
Alecto 25th January 2013, 12:52 Quote
Quote:
Originally Posted by liratheal
Um.. Do none of you three know of Total War games and their developer Creative Assembly?

Sega published, and not crap. Chances are, the THQ RTS games will end up being just fine in their new home.

Getting crappier with every release - MTW and Shogun were the starting games, RTW was the best title of the franchise, MTW2 was still OK (graphically-enhanced Rome, nothing more) and then it went downhill, fast. STW2 is lame, Napoleon even more so.
liratheal 25th January 2013, 14:57 Quote
Quote:
Originally Posted by Alecto
Quote:
Originally Posted by liratheal
Um.. Do none of you three know of Total War games and their developer Creative Assembly?

Sega published, and not crap. Chances are, the THQ RTS games will end up being just fine in their new home.

Getting crappier with every release - MTW and Shogun were the starting games, RTW was the best title of the franchise, MTW2 was still OK (graphically-enhanced Rome, nothing more) and then it went downhill, fast. STW2 is lame, Napoleon even more so.

All things considered, though, it's still a better home than EA or Activision - At least CA have an idea what an RTS should look like.
Roskoken 26th January 2013, 18:03 Quote
**** Ubisoft
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