U.S Bankruptcy Court Has Approved of the Sale of THQ’s Assets

<p>The <a href&equals;"http&colon;&sol;&sol;www&period;marketwatch&period;com&sol;story&sol;court-grants-motion-to-approve-sale-of-thq-inc-assets-2013-01-24">U&period;S Bankruptcy Court has motioned a grant<&sol;a> which approves of the sales of THQ&&num;8217&semi;s various assets that were auctioned off to several publishers&period; The new studios&sol;IP&sol;publishers match ups were <a title&equals;"It’s Done&colon; THQ’s Assets Have Been Auctioned Off" href&equals;"https&colon;&sol;&sol;bagogames&period;com&sol;thqs-assets-auctioned&sol;">revealed yesterday<&sol;a>&comma; as was a very heartfelt letter that was sent out to all of THQ&&num;8217&semi;s employees&period;<&sol;p>&NewLine;<p>To recap&colon; Relic went to Sega&comma; Volition&comma; <em>Saints Row<&sol;em> and <em>Metro<&sol;em> went to Koch Media&comma; <em>Homefront<&sol;em> was acquired by Crytek&comma; Take-Two claimed <em>Evolved<&sol;em> and THQ Montreal and the <em>South Park RPG<&sol;em> went to Ubisoft&period; Vigil and the <em>Darksiders<&sol;em> IP still rest with THQ&comma; who hopes to find a potential buyer&semi; the company is also expecting the court to enter a formal order sometime tomorrow&period; Did you know that <a href&equals;"https&colon;&sol;&sol;www&period;bankruptcyattorneys&period;org&sol;chapter-7-bankruptcy">bankruptcy chapter 7<&sol;a> can eliminate virtually all of your debts&period;<&sol;p>&NewLine;<p>&&num;8220&semi;I was brought in eight months ago to help turn this ship around&comma; and while I&&num;8217&semi;m disappointed that we could not effect a sale for the entire operating business&comma; I am pleased that the new buyers will be providing jobs to many of our very talented personnel&period; When we first announced the sale process&comma; I said I would be happy if the company&&num;8217&semi;s games and people had a bright future&comma; even if it meant I did not have a job at the end of it&period; And I still feel that way&comma;&&num;8221&semi; said Rubin&period;<&sol;p>&NewLine;<p>While many of the new owners have yet to come out and explain their intentions with their new properties&comma; Koch Media &lpar;Deep Silver&rpar;&comma; in a <a href&equals;"http&colon;&sol;&sol;www&period;vg247&period;com&sol;2013&sol;01&sol;24&sol;koch-issues-thq-statement-promises-bright-new-future-for-saints-row-metro-ip&sol;">statement sent to VG247<&sol;a>&comma; stated that they will be heading up all development of the <em>Saints Row<&sol;em> franchise and welcome their new employees&period;<&sol;p>&NewLine;<p>&lbrace;Source&colon; <a href&equals;"http&colon;&sol;&sol;www&period;marketwatch&period;com&sol;story&sol;court-grants-motion-to-approve-sale-of-thq-inc-assets-2013-01-24">Market Watch<&sol;a>&comma; <a href&equals;"http&colon;&sol;&sol;www&period;vg247&period;com&sol;2013&sol;01&sol;24&sol;koch-issues-thq-statement-promises-bright-new-future-for-saints-row-metro-ip&sol;">VG247<&sol;a>&rcub;<&sol;p>&NewLine;