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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 Sells Off UFC Rights To EA

socalTECH

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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THQ Raises Q4 Outlook

socalTECH

Agoura Hills-based THQ , the embattled videogame maker, is finally seeing some good news, reporting today that it is expecting to report non-GAAP net sales of $160 million to $170 million, above its previous outlook of $130 million to $150 million. READ MORE>>.

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THQ To Lay Off 600

socalTECH

Agoura Hills-based THQ , a developer and publisher of video games, said Wednesday that it is making "additional cost reduction actions" which includes the layoff of approximately 600 people, or 24 percent of the company's workforce. THQ said the move was a response to the continuing uncertainty in the market. READ MORE>>.

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THQ Reports Loss

socalTECH

Agoura Hills-based video game maker THQ reported its yearly results Wednesday afternoon, reporting that it saw a net loss of $431.1M on sales of $830.0M. the firm lost on sales of $1,030.5M on net sales of $170.3M, compared with a net loss of $34.5M Tags: video game content earnings. a year ago. a year ago.

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THQ Gains On UFC Title

socalTECH

Agoura Hills-based THQ has swung back into the black, saying Tuesday evening that it had net income of $6.4M on sales of $243.5M and sales of $137.6M Tags: videogame video game content. for its fiscal first quarter, on the strength of the firm's new UFC 2009 Undisputed title. last year for the same quarter. READ MORE>>.

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