THQ files for Bankruptcy, assets acquired by Clearlake Capital (New Update)

THQ has filed for bankruptcy, and its assets have been obtained by Clearlake Capital Group in a 'stalking horse bid.' Reading into the press release below it sounds like Clearlake has snapped up all of the studios assets including its four development houses. This means that the publisher will be able to continue as normal for now with minimal disruption and although the old company has filed for Bankruptcy in order to clear debts, the new company will move forward with development of its currently planned titles pending agreement of the sale.