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Submitted by -Mezzo- 937d 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)

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CaptainN  +   937d 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.

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