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THQ Files For Bankruptcy

socalTECH

Agoura Hills-based vidoegame maker THQ has filed for Chapter 11 bankruptcy, and is now seeking a buyer, according to the company Wednesday. THQ said that it has entered into an asset purchase agreement with affiliate of Clearlake Capital Group, L.P. million, subject to court approval. READ MORE>>.

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THQ Details Buyers, Numbers After Fire Sale

socalTECH

Troubled Agoura Hills-based videogame maker THQ has officially been broken up into pieces and sold, according to the firm Wednesday evening, after a U.S. Bankruptcy Court has granted a motion to approve a sale of the majority of THQ's assets to multiple buyers. Vigil Games and a number of other properties remain with THQ in Chapter 11.

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THQ Seeks Buyer As Sales Slip

socalTECH

Agoura Hills-based videogame maker THQ is looking for a buyer, after reporting less-than-stellar results on Monday afternoon. THQ said it has hired an investment banker to help it consider "strategic alternatives", in hopes of raising additional capital to bring a number of titles to market. in revenues. READ MORE>>.

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Rumors Swirl Around THQ

socalTECH

Rumors have been swirling around Agoura Hills-based THQ since this weekend, when a gaming industry analyst, Peter Skerritt, reported that the videogame maker was either looking for a buyer or shutting down its videogame development efforts, cancelling its 2014 lineup. as part of an "ongoing review" of its business.

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THQ Loses CFO, Nears Financing Deal

socalTECH

Troubled videogame maker THQ said late Tuesday that its CFO, Paul J. THQ said that the financing may result in "significant and material" dilution to shareholders of the company. THQ said that the financing may result in "significant and material" dilution to shareholders of the company. READ MORE>>.

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THQ Sells Off UFC Rights To EA

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Agoura Hills-based THQ said late Monday that it has sold off its rights to produce titles for the Ultimate Fighting Championship (UFC) brand, to Electronic Arts. According to THQ, the sale resulted in an undisclosed cash payment to THQ, and allows THQ to continue to publish its existing console and mobile titles through March 31, 2013.

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Image Metrics Buys FacePro

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According to Image Metrics, FacePro's products are used by video game publishers such as Activision, Ubisoft, THQ, Square Eniq, and visual effects studio Industrial Light & Magic. Tags: imagemetrics image metrics facepro facial animation merger acquisition. READ MORE>>.

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