As of 24th January, the video game developer and publisher THQ (Toy Head-Quarters) is no more. They declared bankruptcy in November 2012 after a $50 million loan gone wrong. Instead of selling the whole company, it’s separate properties (i.e games) were sold to different developers. All their projects-in-progress have also been handed over to other developers which include Metro: Last Night, Company of Heroes 2.
All the properties were sold off in a THQ auction. And to simply summarize who bought what:
- Crytek (Developers of Crysis) bought the Homefront license for $500,000.
- Ubisoft (Developers of Assassin’s Creed) bought THQ Monteal for $2.5 Million. Ubisoft also bought publishing rights to South Park: The Stick of Truth for $3.2 million.
- Take-2 (Parent company of Rockstar Games) has agreed to buy Evolve (codename) for $10.8 Million.
- SEGA agreed to buy Relic (Developer of Company of Heroes 2 and Warhammer 40k: Dawn of War) for $26.6 Million.
- Koch Media (Developer of Dead Island) bought the Saints Row Dev Volition for $22.3 million & Metro series for $5.8 Million.
- No bids were placed for Vigil Games (Developers of Darksiders series).
Many THQ employees lost their jobs. It hasn’t been decided who will buy the WWE franchise but rumors suggest Take-Two will buy it. On another note, Assassin’s Creed developer Patrice Desilets, who left Ubisoft to work in THQ Montreal, would probably come back as his current project called 1666 is also under Ubisoft’s roof now.[SOURCE: IGN]