THQ Auctioning Off Assets Today

 
THQ's owned assets - games, IP, studios - are set to be auctioned off today.

"The day has come for THQ to auction off many of its titles and studios, as today its assets are put up for auction.
Clearlake Capital currently holds THQ's assets as part of its stalking horse bids, but that million promissory note has been removed.
As such each of the individual assets can be bid for by interested parties - some of which include EA and Warner Bros - and could be sold for more than the million Clearlake has initially put on the assets.
The bids are due to start at 9AM today, with the auction being held at 3PM. A Sale Hearing will be due tomorrow (23 Jan) at 9AM.
We can't seem to find a timezone for this, however, so keep an eye on DDInvestor's Twitter feed who will be updating on the process when the auction starts."
 
NowGamer.com

So they are going bankrupt? Too bad..

Could someone explain this to me,because I really don't understand these??

R.I.P THQ

Could someone explain this to me,because I really don't understand these??

THQ is being made to sell their game series off to other developers, so that means they won't be publishing games for those series anymore after today, which means they won't have their name on said games series anymore.

Edited by BrokenDreams23, 22 January 2013 - 07:46 PM.

Could someone explain this to me,because I really don't understand these??

what there saying is that there giving other Game Developers to buy there game titles such Saints Row 4 or WWE'14, is that better?

Yay, this can only mean good.

Ubisoft would be a good ''candidate'' !!!

If EA Sports will take over WWE games, i have no doubt that the future wwe games will be huge !

In much briefer terms, WWE games won't be published by THQ any longer.

Or as i like to think there will not be anymore WWE games *pessimistic*

Could someone explain this to me,because I really don't understand these??

what there saying is that there giving other Game Developers to buy there game titles such Saints Row 4 or WWE'14, is that better?

Studios and IP too.

I might bid

If EA Sports  2k Sports will take over WWE games, i have no doubt that the future wwe games will be huge !

If EA Sports  2k Sports will take over WWE games, i have no doubt that the future wwe games will be huge !

^^I was thinking the same thing & Rocksteady (Batman Arkham games) could get Saints Row.

Come on 2K, come out and buy WWE....

EDIT: Just found out that Take-Two Interactive is at the event and they develop games for Rockstar AND 2K. They've done every famous Rockstar game and 2K Sports games. If they get WWE, we might be in business.

Edited by Spiritism, 22 January 2013 - 10:36 PM.

Come on 2K, come out and buy WWE....

 

EDIT: Just found out that Take-Two Interactive is at the event and they develop games for Rockstar AND 2K. They've done every famous Rockstar game and 2K Sports games. If they get WWE, we might be in business.

Shell Yeah

I'm not excited in the slightest, as regardless of where they go, it will be, most likely, the company building a new game from the ground up. Despite the flaws with this series, I don't want to lose the creation suites and the move-sets customization. 

I'm not excited in the slightest, as regardless of where they go, it will be, most likely, the company building a new game from the ground up. Despite the flaws with this series, I don't want to lose the creation suites and the move-sets customization. 

Won't said company have THQ and Yukes under there belt to still make the games? Or is Vince giving them the boot if they don't pay him the money they owe? 

THQ just holds the license, it isn't exclusive to either Yukes or THQ. So if the WWE IP gets bought out, chances are, it will be an entirely new team developing. Unless THQ is bought whole and somebody funds their projects to keep going, chances are there will be an entirely new team working on the title. It's a similar situation to the UFC title. THQ held the license and had another company handle development (Yukes). When the UFC license went to EA, it's was of Yukes' hands.  It all comes down to if somebody wants to pay 60M for one of the IPs. There is the possibility, that somebody doesn't want to pay that much for the IPs and the company remains intact (under CL), and the company moves forward. But, to be honest, I don't see that happening. If you want an example of what THQ is going through, I'd look at Midway Games. 

And to be honest, they do have some studios/IPs that people might pay it for. Darksiders, Saints Row, etc. But the WWE IP definitely isn't one of them, and I would be HORRIBLY surprised to see somebody take it. 

Edited by THEE CHUCKNASTY ™, 23 January 2013 - 12:31 AM.

Im afraid for the future of WWE Games...