THQ is currently experiencing big problems and has entered into a loan forbearance agreement with Wells Fargo Capital Finance regarding its credit facility.
Whilst the THQ has reached an agreement with the company, it is still a big concern if they will be able to publish high quality titles in the long-term and keep bringing innovative ideas to the market.
Stock for the company dropped 48% after announcing the company had partnered with financial advisory firm Centerview Partners and most recently announced that their executive vice president and chief financial officer, Paul Pucino, has resigned.
While the company currently negotiates with its mysterious financial sponsor (who doesn’t want to be identified until the deal is finalized) there could be light coming at the end of the tunnel.
What are your favorite titles THQ has published? Any fond memories of the company?