Saturday, September 6, 2014

THQ

The End of THQ

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There is no more THQ. The once mighty company has not only fallen from grace, but existence. Below the break is a letter from the now-dead publisher’s employees, and a breakdown of its IPs auction sale. Read More »

THQ CFO Resigns, Company In Big Trouble

Metro_Last Light

THQ’s executive vice president and chief financial officer Paul Pucino has resigned from his post at the company, as its entered into a forbearance agreement with finance company Wells Fargo Capital Finance, extending the amount of time the publisher has to pay back its debts until January 15, 2013. Read More »

THQ In Big Trouble As Shares Crash

thq_crash

From (Reuters) – THQ Inc (THQI.O) lost almost half its market value on Tuesday after the struggling videogames publisher delayed a raft of marquee titles, warned of a growing need for new capital, and admitted its “Darksiders II” had undershot expectations. Shares in the company, which is trimming staff and considering alternatives to try and relieve a potential capital crunch, ... Read More »