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THQ asset bids approved, studio and IP sales to go ahead

El33tonline writes:

"With open court proceedings having taken place yesterday to hear proposed bids for a majority of THQ’s assets (including development studios and intellectual properties), US Bankruptcy Court judge Marry F. Walrath has today approved the sale of these assets to bidders SEGA, Ubisoft, Koch Media, Take 2 and Crytek."

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MooseWI1312d ago

Gaming market is getting rough..

OliverKO1312d ago

I think this is just the beginning of the consolidation to come. THQ has been unhealthy for a long while but it managed to limp along for at least two years on core franchises alone, similar to Take 2's strategy.

I wonder if that's the best method of running a company? Relying on hits doesn't seem smart.

Sevir1312d ago

It's crazy but I really really feel bad for THQ. :( this industry is cold and its a darn shame that most anything outside of mega franchises don't perform well in today's economy

OliverKO1312d ago

I agree, Sony, Microsoft or Nintendo could have swooped down from on high and taken Darksiders, for example.

NYC_Gamer1312d ago (Edited 1312d ago )

The console brands still benefit since the franchises will continue to be multi-platform

EddieNX 1312d ago

Somebody needs to get hold of Darksiders asap. Darksiders 1 and 2 is the perfect example of how to draw inspiration from a franchise (zelda) and put your own Unique , lovable slant on it.

hiredhelp1312d ago (Edited 1312d ago )

Dam i got out bid buy a $1 na this kinda sad news a company that ben around for many years ok maybe theyve not done as well they could have done recent years but still.
alot jobs alot people a well published brand named sad times.

Crytek was working on homefront 2 so they got barguin at 500k plus

am i right in thinking THQ keeping warhammer ?

dreamoner1312d ago

SEGA bought Relic, so warhammer,company of heroes etc goes to SEGA.

PhantomT14121312d ago

Oh the irony: first and second Assassin's Creed creative director left Ubisoft for THQ Montréal and now it's getting bought by Ubi.