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THQ to sell remainder of intellectual properties
Court-supervised sale process will see bidding on franchises including Darksiders, Red Faction and licensed software like Marvel Super Hero Squad.
 
THQ has announced that it will sell the remainder of its intellectual properties in a court-supervised sale. The publisher has already sold the majority of its studios and games following news of its bankruptcy last month.
THQ will now accept bids on franchises including Darksiders, Red Faction, Homeworld, MX; owned software including Big Beach Sports and Destroy All Humans!; as well as licensed software including Marvel Super Hero Squad, Supreme Commander, Worms, and more.
The publisher said that it expects to complete the bidding and sale process for the remaining IP assets by mid-May.
Initial bids for the properties must be submitted by April 1, 2013, with final bids required by April 15. The sales will be presented to a court for final approval in May. THQ says it has already received more than 100 expressions of interest for various titles.
Last month, the court approved the sale of three THQ studios (THQ Montreal, Volition Inc, and Relic Entertainment), as well as games including Evolve, Homefront 2, Metro: Last Light, and South Park: The Stick of Truth.
Sales from the auction totalled around $72 million, though the total value is higher. THQ said that it expects the total sale process to have generated $100 million, which includes "certain assets and other intellectual properties" excluded from the sale.
Grand Theft Auto parent publisher Take-Two Interactive recently obtained the WWE license.
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"THQ to sell remainder of intellectual properties" was posted by Laura Parker on Tue, 26 Feb 2013 19:23:49 -0800
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 THQ has announced that it will sell the remainder of its intellectual properties in a court-supervised sale. The publisher has already sold the majority of its studios and games following news of its bankruptcy last month.
THQ will now accept bids on franchises including Darksiders, Red Faction, Homeworld, MX; owned software including Big Beach Sports and Destroy All Humans!; as well as licensed software including Marvel Super Hero Squad, Supreme Commander, Worms, and more.
The publisher said that it expects to complete the bidding and sale process for the remaining IP assets by mid-May.
Initial bids for the properties must be submitted by April 1, 2013, with final bids required by April 15. The sales will be presented to a court for final approval in May. THQ says it has already received more than 100 expressions of interest for various titles.
Last month, the court approved the sale of three THQ studios (THQ Montreal, Volition Inc, and Relic Entertainment), as well as games including Evolve, Homefront 2, Metro: Last Light, and South Park: The Stick of Truth.
Sales from the auction totalled around $72 million, though the total value is higher. THQ said that it expects the total sale process to have generated $100 million, which includes "certain assets and other intellectual properties" excluded from the sale.
Grand Theft Auto parent publisher Take-Two Interactive recently obtained the WWE license.
[ Watch Video ]
Read and Post Comments | Get the full article at GameSpot
"THQ to sell remainder of intellectual properties" was posted by Laura Parker on Tue, 26 Feb 2013 19:23:49 -0800
More...