socalTECH
JANUARY 8, 2013
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 was forced to declare bankruptcy on December 19th. READ MORE>>.
socalTECH
JANUARY 24, 2013
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. READ MORE>>.
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socalTECH
FEBRUARY 27, 2013
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.
socalTECH
JUNE 5, 2012
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.
socalTECH
NOVEMBER 20, 2012
Troubled videogame maker THQ said late Tuesday that its CFO, Paul J. Pucino, has resigned, and that the firm is in the midst of negotiations with a "financial sponsor" to provide financing alternatives to the company. The company did not say why Pucino decided to leave the firm. READ MORE>>.
socalTECH
NOVEMBER 3, 2011
Agoura Hills-based videogame maker THQ said Thursday that it expects to see the "biggest quarter in company history" due to holiday sales this season, as it reported nearly doubling its net sales in the three months ended September 30th. The company said it had net sales of $146.0 in the prior year period.
socalTECH
APRIL 18, 2012
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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