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] - 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."