Items tagged with NASDAQ: THQI
Hard times have fallen on video game maker THQ, which reportedly filed for Chapter 1 bankruptcy this week. Affiliates of private equity firm Clearlake Capital Group L.P. will acquire THQ's assets for around $60 million, taking control of the company's four studios and any games currently in development. The sale will allow THQ to shed certain legacy obligations and emerge with a strong financial backing of a new owner, the games developer said. "The sale and filing are necessary next steps to complete THQ’s transformation and position the company for the future, as we remain confident in... Read more...