wraggster
December 25th, 2012, 21:21
Ubisoft is one of the front-runners in the bid to buy THQ's assets, MCV reports.
MCV has been told that the French firm is keen to take over the publisher's brands and studios once THQ works through its current financial problems.
On Wednesday night THQ filed for bankruptcy (http://www.mcvuk.com/news/read/bankruptcy-for-thq-as-it-looks-to-sell/0108467) as it handed over its tangible assets - including its studios and US operation - to an investment firm hoping to sell the business on.
No studios or offices are closing (http://www.mcvuk.com/news/read/upbeat-thq-president-letter-says-this-is-a-new-start-for-our-company/0108545), but THQ is now very publicly on the market.
This 'stalking horse bid' process with an investor effectively writes off the company's debts but keeps its business as a going concern to make it ideal for acquisition.
http://www.develop-online.net/news/42854/Ubisoft-plotting-THQ-bid
MCV has been told that the French firm is keen to take over the publisher's brands and studios once THQ works through its current financial problems.
On Wednesday night THQ filed for bankruptcy (http://www.mcvuk.com/news/read/bankruptcy-for-thq-as-it-looks-to-sell/0108467) as it handed over its tangible assets - including its studios and US operation - to an investment firm hoping to sell the business on.
No studios or offices are closing (http://www.mcvuk.com/news/read/upbeat-thq-president-letter-says-this-is-a-new-start-for-our-company/0108545), but THQ is now very publicly on the market.
This 'stalking horse bid' process with an investor effectively writes off the company's debts but keeps its business as a going concern to make it ideal for acquisition.
http://www.develop-online.net/news/42854/Ubisoft-plotting-THQ-bid