Tag Archives: thq

Creditors of bankrupt publisher THQ have won their fight to block the company’s sale to Clearwater Capital. MCV reported earlier today that creditors were unhappy with the pre-pack agreement in place with Clearwater because it prevented other parties entering the bidding process and potentially robbed them of maximum returns. Now …

THQ will not be allowed to complete its pre-pack sale to Clearlake Capital, opening the door for a possible swoop by Warner Bros. That’s because US Bankruptcy Judge Mary Walrath has ruled in favour of creditors who last week objected to the arrangement, arguing that the process prevented other interested …

Five potential buyers interested if more time allowed; court to reconvene Monday

Creditors of troubled publisher THQ have filed complaints about the proposed sale to Clearlake Capital Group. THQ was declared bankrupt last month and immediately announced that it had agreed a sale to Clearlake in a stalking horse bidder” deal. However, US Trustee Roberta DeAngelis, who is overseeing the bankruptcy, has …

Objection claims bankruptcy was 'orchestrated' to benefit executives and friends

Publisher removed from stock market as expected after filing for bankruptcy

Publisher keen to take on company's brands and studios

Ubisoft is one of the front-runners in the bid to buy THQ’s assets, MCV understands. We have been told that the French firm is keen to take over the publisher’s brands and studios once THQ works through its current financial problems. On Wednesday night THQ filed for bankruptcy as it …

Left 4 Dead and Assassin's Creed creators working on new titles for publisher

Publisher reiterates there will be no redundancies and development on games will continue