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THQ Plans Reverse Stock Split

socalTECH

Battered videogame developer THQ , which has been suffering from a downturn in its business, said today that it is planning a 1-for-10 reverse stock split, in order to raise its per share trading price so that it will regain compliance with a $1.00 per share, minimum bid price required by the NASDAQ Global Select Market.

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THQ Sells ValueSoft Division To Cosmi Software

socalTECH

Agoura-based videogame developer THQ has sold off its value PC software arm, ValueSoft , to Westminster, California-based Cosmi , the firms said this morning. ValueSoft, which is based in Chaska, Minnesota, distributes value priced PC games. THQ said the sale will allow the company to focus on its core video game portfolio.

THQ 140
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THQ, Mattel In Video Game Deal

socalTECH

Agoura Hills-based THQ and El Segundo-based toy maker Mattel said this morning that the two are in a new, multi-year alliance focused on developing and publishing video games based on Mattel's toys. The two said they are already in development on "multiple games", with the first titles to appear in the next holiday season.

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