THQ in talks with a potential financial sponsor but threat of liquidation remains

[Administrator]

THQ, the embattled up for sale publisher of Saints Row and Darksiders, has entered into a forbearance agreement with Wells Fargo Capital Finance to protect itself from defaulting on its credit facility.
Under the terms of the agreement Wells Fargo will not exercise its right against the publisher on its $50 million credit facility and will make additional loans to it.
The deal lasts until 15th January 2013.
Read more…


More...