http://kotaku.com/5978429/this-is-the-letter-that-thq-sent-to-employees-todayTo All THQ Employees:
We now have the answers we've been seeking through our financial restructuring and
Chapter 11 case. While much will be written, here are the facts of the bids and auction
that occurred t:We expect these sales to close this week.
- Yesterday morning, we received a competing bid for the operating business,
along with Clearlake's offer, and numerous offers for separate assets.- During an auction process that lasted over 22 hours, the final conclusion was
that the separate-asset bids would net more than a single buyer for the majority
of the company.- Shortly, we will, present the results to the U.S. Bankruptcy Court, which must
concur with our assessment.- The proposed sales of multiple assets is as follows :
- Sega agreed to purchase Relic
- Koch Media agreed to purchase Volition and Metro
- Crytek agreed to purchase Homefront
- Take 2 agreed purchase Evolve and
- Ubisoft agreed to purchase Montreal and South Park
First Atari, now THQ.
I blame all of the shovelware they put out on the Wii/Nintendo DS. That's what really killed them. Hopefully all the developers manage to find work within the new companies that bought the franchises. Well THQ, it looks like this the end. We had fun together, but due to your foolish actions you must cease to exist.
Great company ruined by greed.