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THQ's most valuable assets have been auctioned off to the highest bidder, meaning the publisher's hope of continuing are over.

Here's where THQ's assets have ended up:

Relic Entertainment, makers of Company of Heroes sold to SEGA for $26.6 million. Zenimax Media is the backup bidder at $26.3 million.

THQ Montreal, makers of 1666 and Underdog, titles under development, sold to Ubisoft for $2.5 million. No runner-up.

Evolve, a title in development at Turtle Rock Studios, sold to Take-Two Interactive for $10.894 million. Turtle Rock Studios was the backup at only $250,000.

Volition, Inc., maker of Saints Row (includes work done by High Voltage on Saints Row 4), sold to Koch Media/Deep Silver for $22,312,925. Ubisoft was the backup bid at $5.4 million.

Homefront which has a sequel in development at Crytek, was sold to Crytek for $544,218.

Metro, the sequel Last Light is due for release, was sold to Koch Media/Deep Silver for $5,877,551. Ubisoft was the backup at $5.175 million.

South Park, which includes the license and The Stick of Truth, was sold to Ubisoft for $3,265,306.

Somewhat unexpectedly there was no bidder for Darksiders developer Vigil and the IP, but it could be sold in the coming weeks.

"Some assets, including our publishing businesses and Vigil, along with some other intellectual properties are not included in the sale agreements. They will remain part of the Chapter 11 case. We will make every effort to find appropriate buyers, if possible," wrote CEO Brian Farrell and president Jason Rubin in a letter sent to THQ's former employees.

"If you are an employee of an entity that is not included in the sale [i.e. Vigil], we regret that your position will end. A small number of our headquarters staff will continue to be employed by THQ beyond 25th January to assist with the transition. THQ has sufficient resources to pay these employees for work going forward, and we will be contacting these employees immediately to ensure their continued employment during this transition period. We are requesting the ability to offer certain severance pay to minimise disruption for employees of non-included entities as they determine the next steps in their careers."

The letter closed on a more personal note: "The work that you all have done as part of the THQ family is imaginative, creative, artistic and highly valued by our loyal gamers. We are proud of what we have accomplished despite today's outcome.

"It has been our privilege to work alongside the entire THQ team. While the company will cease to exist, we are heartened that the majority of our studios and games will continue under new ownership. We were hoping that the entire company would remain intact, but we expect to hear good news from each of the separate entities that will be operating as part of new organizations.

"For those THQ employees who are part of entities that are not included in the sale, we are confident that the talent you have displayed as part of THQ will be recognized as you take the next steps in your career.

"Thank you all for your dedication and for sharing your talent with the THQ team. We wish you the best of luck and hope you will keep in touch."

Regarding WWE, it would appear that the franchise has been snapped up by Take Two, with IGN reporting that negotiations took place outside of the auction process.

Source: Kotaku

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dudester's Avatar

dudester

Very surprised sega bought company heroes but imagine what they can come up with creative assembly and Relic.
Posted 16:33 on 24 January 2013
Wido's Avatar

Wido@ rbevanx

Saints Row sold a lot and so did Dead Island, yet Riptide could be a complete shambles. First Metro game was crap, those Last Light, looks something spectacular.

I thought 2K could be a suited home for the Saints Row franchise. I'm eager to play Saints Row 3 again, so I'll end up getting the full package for £13 from shopto next week. GAME are selling the normal new for £20, so they can feck off at that price! In-store as well.
Posted 13:47 on 24 January 2013
rbevanx's Avatar

rbevanx@ MrGloomy

Yeah I forgot about that but I do think in the right hands it could be good. Honestly thought there would be a big bidding war for Saints Row at least but the nearest rival was Ubi with that small amount is very shocking.
Posted 13:21 on 24 January 2013
MrGloomy's Avatar

MrGloomy@ rbevanx

Crytek were already working on the license for the sequel prior the the THQ melt-down, so no doubt they already had a heavy investment in the franchise. There's potential but I'm not going to hold my breath for the next Homefront.

I'm surprised EA didn't go for Volition Studios and the Saints Row franshise. Considering EA have been trying very hard to get their foot in the door of the open-world games. I'm also surpirsed that the WWE license hasn't been detailed in the biddings. Once again, I would of thought EA would go for that. I'm also surprise to see that Warner Brothers didn't go for anything.
Posted 10:16 on 24 January 2013
rbevanx's Avatar

rbevanx

Very surprised Crytek bought Homefront, maybe they see it as a potential rival to Modern Warefare from what they have worked on so far and want the full whack.

I think the biggest bargain was Metro as the game is pretty much done.

Looks like Deep Silver are gonna get bigger and could possibly be a big studio in a decade with Saints Row, Metro and Dead Island with them now.

I was even more surprised MS, Sony and Nintendo didn't go for anything and potentially have more decent exclusives on their consoles esspecially the ones Deep Silver snapped up.
Posted 09:55 on 24 January 2013
Njeezy's Avatar

Njeezy

It's kind of sad to see such a well known games publisher die and then have vultures come in and pick at it's corpse. On the bright side there is a high majority of games that will get made without THQ and possibly receive better marketing, I just hope Deep Silver don't push the titles they've acquired over the edge of crudity.
Posted 09:46 on 24 January 2013

Game Stats

Release Date: TBA
Developer: Crytek
Publisher: THQ
Genre: Unknown
Rating: TBC
Site Rank: 3,143 9
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