THQ is sadly no more.

After filing for bankruptcy late last year, the company recently had the vast majority of its studios and IP sold off, and there were a number of surprising bidders.

Sega payed $15 million for Relic, the studio behind the excellent RTS series Company Of Heroes and Warhammer 40,000.

Crytek purchased the Homefront IP for $544,218.

Ubisoft purchased the incoming South Park: The Stick Of Truth for $3,265,306 and THQ Montreal for $2.5 million.

The Evolve IP was snatched up by Take-Two Interactive for a cool $10.894 million.

The biggest surprise was Koch Media who made some huge bids to take away the Metro licence ($5,877,551) and Volition and its Saint’s Row IP for $22.3 million.

Interestingly there were no offers on Vigil Games and its Darksiders franchise. Although the impressive sequel failed to turn a proift after selling over 2.5 million units, which may have put some prospective buyers off. Platinum Studios has apparently shown interest in the company via Twitter, but nothing more has been said as of this time. It also unclear what’s happening with the WWE licence, although THQ doesn’t actually own it.

THQ was first formed in 1989 and was known as Toy Head-Quarters and primarily manufactured toys. It soon moved into the videogame industry and specialised in selling licences of popular toys and shows. Despite a string of popular franchises and original IP THQ began to struggle and closed down five big studios in 2008. It began tightening its belt and focusing on fewer games, but it wasn’t enough and it was eventually forced to file for Chapter 11 Bankruptcy in December of last year.

 

 

 

Tags: bankruptch, company of heroes, koch media, metro, relic, saints row, south park, thq

This entry was posted on Friday, January 25th, 2013 at 10:23 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.