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THQ's developers, licenses picked up by multiple buyers

The auction for THQ's assets concluded today, and most--but not all--of its major studios and properties found new homes. Kotaku has posted a letter from THQ's executive leadership to employees which outlines the changes, which we'll summarize here along with purchase prices revealed by court spectator Distressed Debt Investing.

Volition and Saints Row will go for $22.3 million--on top of $5.8 million for the Metro property--to Koch Media, the parent company of Dead Island publisher Deep Silver.

Warhammer 40,000: Dawn of War and Company of Heroes developer Relic Entertainment will settle in at the House of Needlemouse, Sega, for $26 million.

Ubisoft will purchase the THQ Montreal studio for $2.5 million (which means former Assassin's Creed director Patrice Desilets has been reabsorbed) and South Park: The Stick of Truth for $3.2 million. Note that the sale of South Park: The Stick of Truth met objections from South Park Studios, so it remains to be seen how that will shake out.

Take 2 will grab rights to Turtle Rock Studios' co-op action project Evolve for $11 million, and Crytek nabbed Homefront for $500,000.

The auction's proceeds totaled around $100 million, much greater than the $60 million price THQ listed for its preferred all-in-one sale to Clearlake Capital Group. The bids must still be approved by the courts before the purchases are made final.

Darksiders developer Vigil Studios did not receive any bids. Its employees will be laid off, and THQ will continue to seek a buyer for its remaining assets and those of its publishing business as the Chapter 11 process continues.

THQ said it expects most employees of its purchased entities to remain employed by their new owners.

Topics

bankruptcy THQ

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12 comments

  • Chaoscoolperson - January 28, 2013 7:42 a.m.

    Never played Dead Island. Heard many bad things with some good ones. Does not bode well for Saints Row. Please dont ruin one of my new favorite series. Also I hope Homefront 2 lives up to the first's hype. I enjoyed the half day of gametime I spent playing it.
  • Shinn - January 24, 2013 7:27 a.m.

    I'm confident that most of these publishers have done terribly enough in the last few years to leave the thq devs to do whatever they want. Did Sega buy the 40k license too?
  • Zowie - January 24, 2013 5:44 a.m.

    There's something about Platinum Games being interested in getting Darksiders...yummy
  • scaler2000 - January 24, 2013 10:06 a.m.

    if you're right, you made not only my day, but also my week :D
  • samirbvr - January 24, 2013 12:53 a.m.

    No one wants Vigil!! Where's the future of games headed to?
  • doominatorx6 - January 23, 2013 10:27 p.m.

    Vigil dies but... urgh, Homefront lives on. What the hell, people?
  • Bloodstorm - January 23, 2013 6:52 p.m.

    Unfortunate to hear about Vigil. I didn't play Darksiders until I got it in the Humble Bundle, and I really liked it, so I picked up Darksiders 2 during the Steam sale. I like the first, haven't gotten around to the second yet, but I'd never wish a studio being dissolved like that.
  • Demon_Krauser - January 23, 2013 3:36 p.m.

    Why Vigil. You made a good series. Stupid companies don't see how much profit there is.
  • BladedFalcon - January 23, 2013 2:27 p.m.

    No! Vigil! D: That sucks >.<
  • Tronto13 - January 23, 2013 1:45 p.m.

    That Volition sale worries me a lot... hopefully they will just leave them to make the games they want. Also no buyer of vigil is disappointing. Hopefully Relic will continue to do well under SEGA.
  • zelta38 - January 23, 2013 2:11 p.m.

    That is exactly what I was thinking, Dead Island publisher handling Saints Row and Volition, very worrying. I wonder if Double Fine managed to acquire the rights to Stacking and Costume Quest though.
  • Redeater - January 23, 2013 1:35 p.m.

    Well, goodbye Saints Row. I loved The Third but I'm not willing to throw down good money on a publisher who pushed out a broken game like Dead Island.

Showing 1-12 of 12 comments

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