For a while it looked like bankrupt publisher THQ would sell its entire company to Clearwater Capital, but investors blocked that plan.
Now instead, according to Distressed Debt Investing, each individual game property will be auctioned off separately on January 22. This will give THQ’s creditors more of a chance to make up more money than the general sale probably would have, with other publishers bidding against each other for the cream of the THQ crop. It could also give fans of games such as Saints Row, Metro and Homefront the chance to see their games live on in new hands.
Electronic Arts, Ubisoft and Time Warner have all expressed an interest in the sale, so we will have to wait and see where the various game properties end up.