BabyHeadCrab
The Freeman
- Joined
- Dec 2, 2003
- Messages
- 23
- Reaction score
- 602
THQ's CEO and president sent to all employees said:To All THQ Employees:We now have the answers we've been seeking through our financial restructuring andChapter 11 case. While much will be written, here are the facts of the bids and auctionthat occurred t:We expect these sales to close this week.
- Yesterday morning, we received a competing bid for the operating business,
along with Clearlake's offer, and numerous offers for separate assets.- During an auction process that lasted over 22 hours, the final conclusion was
that the separate-asset bids would net more than a single buyer for the majority
of the company.- Shortly, we will, present the results to the U.S. Bankruptcy Court, which must
concur with our assessment.- The proposed sales of multiple assets is as follows :
- Sega agreed to purchase Relic
- Koch Media agreed to purchase Volition and Metro
- Crytek agreed to purchase Homefront
- Take 2 agreed purchase Evolve and
- Ubisoft agreed to purchase Montreal and South Park
*snip*
http://www.shacknews.com/article/77526/thq-studios-and-games-sold-to-sega-koch-media-crytek
Volition sold to Koch Media aka Deep Silver:
And the unquestionable future of my most anticipated THQ product.
Many other IPs are still being auctioned. The future of Vigil, developers of the "Darksiders" franchise, is uncertain at this point, as no buyers have expressed interest. Rest assured, Sega will do justice to RTS franchise Company of Heroes - just as they've been great towards the Total War developers. Hoping this means a brighter and more diversified future for Relic.