Game over — Bankruptcy court approves THQ breakup

Agoura Hills-based game-maker THQ Inc. closed its bankruptcy sale Thursday for an estimated $72 million, a far cry from the $2 billion market capitalization the company enjoyed during its heyday five years ago.  U.S. Bankruptcy Court approved the sale of THQ’s studios and titles to multiple buyers.  Plans to sell the company to “stalking horse” bidder Clearlake Capital Group, a private equity firm that made on offer to buy most of THQ’s assets in December for an estimated $60 million,...

Oops! An active online subscription is required to access this content.

Please login below or Subscribe today!