THQ files for Bankruptcy

After going through a lot of financial difficulties THQ has officially filed for Chapter 11. After the recession and several gaming blunders the company couldn't cope with the financial burden and went bankrupt. THQ lately started the controversial humble bargain which create some much needed revenue, yet today's announcement could not have been avoided or delayed. Affiliates of Clearlake Capital Group LIP will be acquiring THQs assets, and all developments teams will keep running. All current project shall continue development, including Company of Heroes 2, Metro: Last Light, and SouthPark the Stick of Truth.


Written By Matthew Cesareo