Publisher reiterates there will be no redundancies and development on games will continue

The $60m sale of THQ to investor Clearlake is a new start for the company, the publisher’s president has said.
Speaking on the news last night that THQ had filed for bankruptcy and would be sold off, Jason Rubin said the investment being made would give the publisher the money it needs to keep development of its titles ongoing.

THQ has specifically filed through a Chapter 11 proceeding of the bankruptcy code, which Rubin said will mean the company can carry on without redundancies or project cancellations.
He compared the bankruptcy filing to other companies such as Skyfall and The Hobbit studio film MGM, Marvel Studios and General Motors, which also went through a Chapter 11 restructuring.
The publisher’s president also confirmed that the sale to Clearlake would include its four studios Relic, THQ Montreal, Vigil and Volition, THQ intellectual property, contracts and support staff.

http://www.develop-online.net/news/4...-start-for-THQ