THQ Files Chapter 11, Is This The End?

THQ announced that it has signed an agreement to sell of of it’s assets to the Clearlake Capital Group for $60,000,000 ($6 Million). Clearlake said that the sale ““allow THQ to shed certain legacy obligations and emerge with the strong financial backing of a new owner with substantial experience in software and technology.”

THQ has DIP (debtor-in possession) financing and will continue to operate, without interruption, under $37.5 million. Clearlake is the “stalking horse bider”, which means that interested companies have the oppertunity to submit competing bids.

THQ shares are at 40 cents.

I grew up with THQ and I really hope that they can figure this out.

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Alexander Maier

Alexander Maier

My name is Alexander and I am a News Editor, Opinion Writer, and Nintendo/Sony Analyst here at Dual Pixels. When I write news articles, I write the news and nothing more. When I write opinion pieces, I share my opinion and try to make you, the reader, think. I have an Xbox 360, PS3, Wii U, PlayStation 4, Xbox One, Nintendo 3DS, PC, and PlayStation Vita. My favourite genres are RTS, RPG, and Adventure.