It is a sad day in the gaming community now that THQ has filed for Chapter 11 bankruptcy. THQ has already found a bidder that will but almost all of their current assets including multiple games and four studios. In their statement today, THQ said the following:
“The sale will allow THQ to shed certain legacy obligations and emerge with the strong financial backing of a new owner with substantial experience in software and technology,”
Even though they are going into “bankruptcy” day-to-day operations will not be affected during the sale period and any international operations are staying completely unaffected. Likely the best part of this story is that THQ shouldn’t have to layoff any employees and are only using the filing to get rid of some unneeded baggage and have someone else takeover that can better manage the company.