THQ stripped down and sold at auction

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Gaming publisher THQ has had its assets and properties split up and sold at auction following the company declaring bankruptcy last year. The sale marks the end of a publisher known to most gamers but also ensures that most of the properties and studios formerly owned by THQ will continue in some form or another.

SEGA, which owns Total War developer Creative Assembly, purchased Relic Entertainment for a reported sum of $26 million. Relic has been responsible for the Warhammer 40,000 and Company of Heroes stable of real-time strategy titles published by THQ.

Ubisoft purchased THQ Montreal for $2.5 million as well as the rights to the upcoming South Park: The Stick of Truth which is in development by Obsidian Entertainment ($3.2 million). European company Koch Media purchased Saint’s Row developer Volition for the sum of $22.3 million, as well as the rights to the Saint’s Row franchise. The company also won a bid of $5.8 million for the Metro series of titles.

Crysis developer Crytek paid $500,000 for the rights to Homefront sequel Homeland, which they were developing with THQ prior to the sale and Take-Two paid $11 million for a title called Evolve, of which little is known.

Former THQ president Jason Rubin said of the sale “I was brought in eight months ago to help turn this ship around, and while I’m disappointed that we could not affect a sale for the entire operating business, I am pleased that the new buyers will be providing jobs to many of our very talented personnel.”

The fates of Darksiders developer Vigil Games and several THQ franchises have not yet been made known.

Source: GamesIndustry

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