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THQ Sets Sale Of Remaining Games

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Agoura Hills-based videogame maker THQ --or at least, what's left of THQ--released the details of how it plans to sell its remaining intellectual property late Tuesday, saying it expects to complete the bidding and sale of the properties by mid-May. THQ sold the rest of its studios and games in a deal last month, worth $72M.

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THQ Drastically Lowers Sales Guidance

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Agoura Hills-based videogame maker THQ has drastically lowered its sales guidance, saying early this morning that it has updated fiscal guidance for its fiscal first quarter ending June 30th and fiscal year ending March 31, 2011, due to "lower than anticipated sales" of its title UFC Undisputed 2010, plus a strengthening US dollar.

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THQ Seeks Buyer As Sales Slip

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Agoura Hills-based videogame maker THQ is looking for a buyer, after reporting less-than-stellar results on Monday afternoon. The announcement came as the firm announced net sales of $107.4M The firm said it hired Centerview Partners to help evaluate "strategic and financing alternatives". in revenues.

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THQ Releases Homefront Sales Figures

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Agoura Hills-based THQ said Wednesday afternoon that it has shipped approximately 375,000 units of its new Homefront first person shooter in its first day, in north America. THQ's sales of the new title are being watched carefully by industry analysts, who so far have given the title mediocre reviews. READ MORE>>.

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Machinima, THQ Team To Promote Nexuiz

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Machinima , the Los Angeles animated videogame content developer and publisher, and Agoura Hills-based game developer THQ said today that they have teamed on a new, downloadable shooter game called Nexuiz. The firms said they will publish and promote the new title for the Xbox 360, Windows PC, and PlayStation 3. READ MORE>>.

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THQ Gains Credit Facility

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Agoura Hills-based videogame maker THQ today said it has entered into a new credit facility with Wells Fargo Capital Finance, worth up to $50M for working capital, plus increases to $75M during peak sales periods. The credit facility replaces an earlier facility it had with Bank of America. 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. Financial details of the sale were not disclosed. THQ said the sale is part of a "more focused strategy" for the company, whic has been struggling in the last year.

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