U.S. Bankruptcy Court Officially Approves Sale of THQ’s Assets
A press release sent out in the early hours of the morning today officially announced that the U.S. Bankruptcy Court has approved the sale of THQ's assets to other publishers and developers who had placed bids the previous day. The approval came from court judge Mary F. Walrath, giving the green light to the prospective buyers eager to snatch up their new acquisitions. Regrettably, only seven of the eight asset groupings were purchased, leaving Darksiders developer Vigil out in the cold and uncertain of its status going forward.Read on...
The Road All Runners Come: THQ Files for Chapter 11 Bankruptcy
It's funny, we at Geekosystem have covered developments regarding THQ twice this month, the first being their Humble Bundle offering -- which reportedly raked in $5 million in a matter of two weeks -- and the Metro 2033 Facebook promotion where users could snag a free copy just for "liking" the page, but the whole time we did so, we couldn't help feel that these were ill portents of THQ's gradual decline in the marketplace. Turns out our intuition was right since the video game publisher has announced it will be filing for Chapter 11 bankruptcy. On the surface this seems like terrible news, but it actually isn't an utter loss for us gamers.Read on...