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THQ Files For Bankruptcy

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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 Chopped Into Tiny Pieces, Scattered To The Winds

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Bankrupt Agoura Hills-based videogame publisher THQ has been chopped up into pieces, and scattered to the winds, after an auction sale of the firm's assets Wednesday. THQ had hoped to sell THQ to Clearlake Capital or another buyer, but apparently found that the separately sold assets would net more than a single buyer.

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THQ Bankruptcy Sale Delayed

socalTECH

The bankruptcy sale of Agoura Hills-based videogame publisher THQ has been delayed until January 22nd, after a judge ruled yesterday that the delayed sale will allow other interested parties to bid for individual assets or the entire company. THQ also said that the court approved Clearlake Capital Group's bid for the entire company.

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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. 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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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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Playcast Raises $10M For Video Game Streaming

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Playcast said the new round was led by MK Capital, and also included Israeli venture capital firm JVP, Xenia Venture Capital, and C.Mer Industries. The firm said that Gadi Tirosh of JVP and Yair Landau of MK Capital are joining the firm's board as part of the funding.

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Bccthis Gets $500K, Launches Communications Tool

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Steuer also has served at Twistbox, as well as THQ, MINICK, and Distefora. Tags: bccthis venture capital seed mobile twitter email outlook blackberry software communications. Waldman was most recently at Twistbox Entertainment, and also had served at Amp'd Mobile and Eyematic. READ MORE>>.

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