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BagoGames > Articles > Game News > It’s Done: THQ’s Assets Have Been Auctioned Off

It’s Done: THQ’s Assets Have Been Auctioned Off

Kyree Leary by Kyree Leary
13 years ago
in Game News
Reading Time: 2 mins read
5
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THQ’s developers and many of its IPs are now heading to new owners, as the details of the auction of its assets have been revealed. After filing for bankruptcy late last year, THQ will soon be no more.

As for which IPs/developers went to which company:

  • Relic is now with SEGA
  • Volition and the Metro IP are with Koch Media
  • Homefront has gone to Crytek
  • THQ Montreal and South Park: The Stick of Truth is to go to Ubisoft
  • Take-2 Interactive now has the yet-to-be announced Evolve

You may have noticed a lack of Darksiders/Vigil news, and that is because neither was a part of the sale agreement and are still included in the Chapter 11 case. THQ has stated that they will try their hardest to find appropriate buyers, but also makes no solid promises.

All this news comes from a letter sent out to THQ employees by CEO Brian Farrel and President Jason Rubin (can be found, in full, over at Kotaku) in which the sale, current employment and a personal note to the employees regarding their work over the years are all discussed.

“The work that you all have done as part of the THQ family is imaginative, creative,

artistic and highly valued by our loyal gamers. We are proud of what we have
accomplished despite today’s outcome.

It has been our privilege to work alongside the entire THQ team. While the company
will cease to exist, we are heartened that the majority of our studios and games will
continue under new ownership. We were hoping that the entire company would remain
intact, but we expect to hear good news from each of the separate entities that will be
operating as part of new organizations.

For those THQ employees who are part of entities that are not included in the sale, we
are confident that the talent you have displayed as part of THQ will be recognized as you
take the next steps in your career.

Thank you all for your dedication and for sharing your talent with the THQ team. We
wish you the best of luck and hope you will keep in touch.”

Meanwhile, over on Twitter, the hashtag #THQJobs is being used by former THQ employees looking for work and the many studios showing support by revealing the fact that they’re hiring.

Tags: CrytekKoch MediaSEGATHQUbisoft
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Rumour: Homefront 2 Will Be Revealed Next Week - BagoGames
11 years ago

[…] has hinted on twitter that Crytek is about to pull back the curtains on Homefront 2. After buying the IP from THQ back in January 2013, Crytek is now both the developer and the publisher for the title. It is […]

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Weekly Wrap-Up #32 - Jan. 28 Through Feb 2. | BagoGames
12 years ago

[…] came as a bit of a shock that Vigil, the developer behind Darksiders, didn’t get a single bid at THQ’s auction for its assets. The publisher had hoped to find a suitable buyer for the developer/IP, but it seems as though […]

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Crytek Makes a New Studio in Austin, Contains Former Vigil Employees
12 years ago

[…] as a bit of a shock that Vigil, the developer behind Darksiders, didn’t get a single bid at THQ’s auction for its assets. The publisher had hoped to find a suitable buyer for the developer/IP, but it seems as though […]

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Weekly Wrap-Up #31 - Jan. 21 Through Jan. 26 | BagoGames
12 years ago

[…] It’s Done: THQ’s Assets Have Been Auctioned Off […]

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U.S Bankruptcy Court Has Approved of the Sale of THQ's Assets
12 years ago

[…] assets that were auctioned off to several publishers. The new studios/IP/publishers match ups were revealed yesterday, as was a very heartfelt letter that was sent out to all of THQ’s […]

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