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THQ continues to evade financial disaster

It was announced today that THQ UK has signed a new distribution deal with Gem, as they take over the retail distribution needs of the company. Darksiders 2 will be the first game distributed throughout the UK under the new deal when it is launched on 21 August.

The new agreement comes one day after THQ successfully dodged being delisted from NASDAQ Stock Market. The publisher was threatened with being dropped after its share prices fell below $1, and remained there for more than 30 days.

THQ managed to avoid being delisted by reducing the amount of THQ shares from 68.5 million to 6.9 million – successfully bringing the share price above $1.

It’s been a difficult period for the embattled publisher, which has weathered mass firings, studio shutdowns and a change of president in recent times. Hopefully, this new distribution deal marks a change in its fortunes.

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THQ

6 comments

  • Pruman - July 3, 2012 1:10 p.m.

    They had better not take Relic with them. I've loved those guys since the Homeworld days, and their handling of the Warhammer 40k license has been nothing short of spectacular.
  • Tjwoods18 - July 3, 2012 9:38 a.m.

    THQ is becoming the new Midway games. Soon all their will be is Activision and EA.
  • tehtimeisnow - July 3, 2012 3:25 a.m.

    there stuped and make really bad games so its a no wonder there probelly going out of buziness
  • roosterdip - July 3, 2012 7:23 a.m.

    read your post and then tell us who's stupid!!
  • TheCakeIsaPie - July 3, 2012 8:41 a.m.

    Don't feed the troll.
  • Child Of Death - July 3, 2012 12:17 a.m.

    Im thinking if Darksiders 2 dosent sell well at all than unfortuantely THQ will fall. I hope Im wrong because I love THQ.

Showing 1-6 of 6 comments

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