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THQ Officially Closes; Homefront, Metro, and Saints Row are Among Many to Be Purchased in Auction
It’s a bittersweet day in the gaming industry, as THQ officially closed up shop and sold off a majority of its most lucrative properties.
After it was teased that several publishers and studios were looking into becoming potential buyers of some of THQ’s properties, we now have a complete list of those who have made offers. It should be noted that none of these purchases are final until they’re officially approved by the U.S. Bankruptcy court.
-Crytek has purchased the rights to Homefront
-SEGA has purchased developer Relic (Company of Heroes, Warhammer 40,000: Dawn of War)
-Koch Media (owner of publisher Deep Silver) has purchased Volition (Saints Row Franchise) and the publishing rights to Metro.
-Take-Two has purchased the project Evolve of Turtle Rock Studios
-Ubisoft has acquired the rights to publish South Park: The Stick of Truth and studio THQ Montreal, home of project 1666
Vigil and a handful of other properties were not acquired by any buyers and are said to be a part of the Chapter 11 filing. THQ has said they will do what they can to find buyers if the opportunity arises.
THQ’s President and CEO also sent out this letter to all THQ employees, essentially announcing the close of the company and wishing them well. The entire letter can be read over at Kotaku, but here’s the personal note CEO Brian Farrell and President Jason Rubin sent to all THQ employees:
The work that you all have done as part of the THQ family is imaginative, creative,artistic and highly valued by our loyal gamers. We are proud of what we haveaccomplished despite today’s outcome.
It has been our privilege to work alongside the entire THQ team. While the company will cease to exist, we are heartened that the majority of our studios and games will continue under new ownership. We were hoping that the entire company would remain intact, but we expect to hear good news from each of the separate entities that will be operating as part of new organizations.
For those THQ employees who are part of entities that are not included in the sale, we are confident that the talent you have displayed as part of THQ will be recognized as you take the next steps in your career.
Thank you all for your dedication and for sharing your talent with the THQ team. We wish you the best of luck and hope you will keep in touch.
Brian Farrell Chief Executive Officer
Jason Rubin President
THQ has been a staple in the industry for many, many years. We wish all of the company’s employees the best as they move on to take the next step in their careers.
Keep it locked here for more updates on the story as they develop.