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THQ files for bankruptcy
Saints Row and Darksiders publisher THQ has filed for a Chapter 11 bankruptcy today, the company announced.THQ’s four owned studios and games in development – Metro: Last Light, Company of Heroes 2, South Park: The Stick of Truth, and the Saints Row title formerly known as Enter the Dominatrix – are still moving forward under the new ownership of Clearlake Capital Group, a company that’s buying out THQ’s assets for $60 million.The publisher will still operate under its new owners and THQ noted that it “does not intend to reduce its workforce as a result of the filing, and employees will continue to work their usual schedules and receive normal compensation and benefits, pending customary Court approval.”Read more…
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