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THQ’s Bankruptcy Plan Progresses

So it seems like the deal THQ quietly tried to hold with investment firm "Clearlake" to take the whole company might not be going through as first thought. Clearlake has offered $60 million for the control of the whole company, with the deal supposed to close this week, but new developments means a judge has agreed with opposition filings from some of THQ's creditors that say the 60 million figure is too low. There are at least ten potential buyers for THQ and these have contacted the company after finding out it was for sale. The problem according to the court was that THQ tried to keep things too quiet and under wraps.

So it looks like a possible bright future for THQ and its subsiduaries/partners. Company of Heroes 2 is on the cusp of a spring release, that might be the most immediate effect should the company be sold in to different brands rather than as a whole business. These are some of the possibilities should companies and licenses get sold off to multiple bidders though larger companies such as Warner Bros. have shown an active inerest in bidding.


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About / Bio
I'm a lifelong gamer and share my passion with the world in the form of streaming my games on twitch.tv - www.twitch.tv/terrorhertz and making YouTube videos about all the games I enjoy. I'm also a budding games journalist here :)

My gaming journey began in the Christmas 1992 when aged 6, I got my Sega Mega Drive with Sonic One and World Cup Italia 90. Since then I have played and own pretty much every console since then, just check my collection video on my YouTube channel.

Now days I mainly play PC games and got into the PC side of things when I started playing Everquest in 2005. This game opened my eyes to the mmorpg genre and since then have played most MMO's of which World of Warcraft was my most played. Right now I'm playing and streaming DayZ and FIFA with a few other games thrown in here and there. I'm a games journalist and write weekly articles and monthly reviews and previews whilst also uploading 3+ videos weekly to my YouTube channel where you can find loads of awesome HD gaming videos - www.youtube.com/terrorhertzhd

I've worked as a hardware/software technician for Apple the past 4 years and really enjoy working with computers. I have built/modded/overclocked PC's since around 2007 and it's a massive interest of mine. My other hobbies include video editing, carp fishing, golf and playing guitar.

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