40°
Submitted by -Mezzo- 635d ago | news

THQ's creditors cry foul over Clearlake plans

GamaSutra - As THQ looks to hand itself over to a new owner, a number of its creditors have come forward to oppose the bankruptcy and takeover plans, calling them "unfair and unreasonable."

THQ filed for bankruptcy last month, and revealed that Clearlake Capital Group is fronting $60 million to acquire its business, including its development studios and all of its games currently in development. (Industry, THQ)

Alternative Sources
CaptainN  +   635d ago
THQ is almost irrelevant now anyway.....for years they banked of kiddy liscensed games and in the end it got them no where. WWE games have declined year after year and the few IP's they fully created Like Darksiders, Metro etc aren't selling or arent extremely hyped. Plus the fact they barely even make games on Nintendo platforms sure as hect isnt helping them when Nintendo has the biggest install base in homes be it DS, Wii or 3DS.......that's way to much money left on the table from a business perspective. They put themselves in this hole, and honestly no matter who buys them, in the end the outlook looks dim at best.

Add comment

You need to be registered to add comments. Register here or login
Remember
New stories
20°

Minimum Review | Power Up Gaming

20m ago - Austin Flynn writes: "Developer Human Head Studios aptly named their latest third-person shooter... | PC
20°

ReadersGambit | Sunset Overdrive (EGX Preview)

21m ago - A brief look at our time with Sunset Overdrive and all the madness that ensued. | Xbox One
40°

Forza Horizon 2 Review | Good Game

34m ago - Forza Horizon 2 shatters the boundaries of open world racing in what is quite simply, one of the... | Xbox 360
40°

Final Fantasy XV's Battle Against Nostalgia

34m ago - The key to Final Fantasy XV’s success isn’t embracing the franchise’s storied past, it’s looking... | PS4
Ad

iCreditCardNow.com

Now - Quickly locate just the right card for you. | Promoted post
20°

Until Dawn Preview | Respawn Ninja

36m ago - Toby goes hands-on with Supermassive Game's PS4 exclusive title - Until Dawn and reports "Until D... | PS4