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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 Regains NASDAQ Minimum Bid Compliance

socalTECH

Agoura Hills-based videogame maker THQ reported this morning that it has regained compliance with the minimum bid price rule for continued listing on the NASDAQ Global Select Market. THQ had been hovering below the $1.00 THQ had been hovering below the $1.00 The company's split adjusted price is now trading around $5.16.

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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.

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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. FInancial details of the arrangement were not disclosed.

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