THQ sells off assets, as reported in final letter to THQ employees

It’s a sad day for game development, but it appears this mess with THQ might finally be over. According to Kotaku, a THQ employee has sent along a final letter from CEO Jason Rubin, detailing the entire auction process and which company bought what. From the letter:

• The proposed sales of multiple assets is as follows :
• Sega agreed to purchase Relic
• Koch Media agreed to purchase Volition and Metro
• Crytek agreed to purchase Homefront
• Take 2 agreed purchase Evolve and
• Ubisoft agreed to purchase Montreal and South Park

We expect these sales to close this week.

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.

Twitter is currently flooded with game developers and PR and marketing executives looking for work, as well as other game studios who are looking for employees. Our thoughts go out to all of the people affected by the layoffs, and hopefully all of the studios will be transferred intact.

This is the provisional sale — it still needs to be approved by the courts to go through.

Go here to read the entire letter, and stay tuned for more information that comes out of the sale.

Source: Kotaku

 

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