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Posted by on Dec 20, 2012 in Video Games |

THQ files for bankruptcy

THQ files for bankruptcy

It seems that he was in agony THQ ends as through a press release announced entering bankruptcy.

From the information we have at the moment it seems that THQ will sell all his studies and developing games. Continue to develop games that are in production, as they believe have large IP’s and a team solvent, but the company will undergo a restructuring.

The process of filing for is a formality to complete an agreement with Clearwire Capital Group, by which they buy all the goods of THQ including four studies haves and games development. Clearwire has about $ 60 million to not have to accept lower bids for their capital. Also on THQ say they have gotten the funding commitment from Wells Fargo and Clearcake worth $ 37.5 million. THQ’s assets are listed at $ 204.8 million and debts come to $ 248.1 million.

THQ has said that fans should not notice any change and also not lay off any employees. Recall that THQ recently launched one games for his fans help resolve the delicate situation living. Although shares have plummeted time (lose 60% as I write this) we expect the restructuring done well since THQ has good IP’s, as shown in the interest of some companies to acquire.

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