Five Potential Buyers For THQ Properties, Including Warner Bros.
With THQ filing Chapter 11, their assets are now up for auction.
However, the sale isn't going as smoothly as the publisher might've hoped, as they don't want to sell things off piecemeal; they wish to have one buyer pick up THQ's entire portfolio of projects.
On the plus side, at least five companies are interested in picking up some of the embattled company's assets, as reported by Distressed Debt Investing, and one of them is Warner Bros. According to a series of Tweets by THQ banker Sam Greene, Warner Bros. and at least four other potential buyers are in "active due diligence" to pursue THQ properties. But again, none seem interested in buying all THQ has to offer and furthermore, US Trustee Roberta DeAngelis along with THQ creditors has objected to the brief timetable for the sale (30 days), claiming there just isn't enough time.
I'm no lawyer and I just hope everything goes well. There are several titles on THQ's slate that I'm hoping will see eventual release.
1/6/2013 9:12:51 PM Ben Dutka