Today THQ confirmed reports that they would be moving forward with their bankruptcy proceedings and sent out a press release containing new information. Now it seems that the only time that the company’s assets (IPs and studios) will be sold individually is if the offered price is more than the whole buyout.
It has been said that Clearlake Capital Group offered THQ “$60 million, including a new $10 million note for the benefit of the company’s creditors.” This means that any company that wants to purchase individual properties from THQ will need to offer more than that deal. Of course, this also means that the very interested EA and Warner Bros. and other bidders could buy out all of THQ’s properties and studios, totaling over $60 million and shutting down THQ forever as their IPs continue elsewhere.
Bids are set to be made by January 22nd and the auction will be held at 3PM that day and closed out on January 24th.