Top
10°

THQ: No comment on closure rumours

Gamezine: "Unknown insider source claims THQ is to close imminently. THQ says "No Comment."

Website N-Europe is reporting that their insider source has confirmed that THQ is closing down.

The publishing giant had a tough time last year, with delays, project cancellations and studio losses. They announced a loss of $115.3 million in 2008's Q2, leading them to lay off 250 employees as part of a "strategic plan and business realignment," as reported by Kotaku.

N-Europe claims that THQ was unable to recover from these difficulties and has had to close down all of its studios, but we're not so sure."

Update:

[UPDATE] - THQ contacted N-Europe.com to debunk their story. The company is not closing down. The website's update reads:

"THQ have contacted N-Europe and debunked the story. We apologise for raising a panic; we had good reason to trust our source on this matter, but it looks like some wires were crossed along the way. Watch this space for an official statement."

Read Full Story >>
gamezine.co.uk
The story is too old to be commented.