THQ to auction off IP “title by title” on January 22
Creditor's block Clearlake Capital group sale.
Last month, THQ announced it sold its assets to private investment firm Clearlake Capital. Creditors, however, have successfully blocked the company’s sale, who argued that the process prevented other interested parties from participating in the bidding process.
Now, Distressed Debt Investing (via MCV) reports that THQ will auction off its assets “title by title” on Monday, January 22. Electronic Arts is said to be a “potential buyer” of “certain titles.”
THQ properties include Saint’s Row, Company of Heroes, Homefront, Darksiders, WWE, Metro, and more.
Previously, Warner Bros. and Ubisoft were also mentioned as interested buyers.