THQ Bankruptcy Deal: IPs Sold off

thq bankruptcy

The deal is done; the sale of THQ’s assets have been completed. Titles such as Homefront, Evolve, Metro: Last Light, and Southpark: The Stick of Truth along with companies such as Relic, THQ Montreal, and Volition were up for grabs and they have been sold off to different companies. Here’s the break down:


Relic Entertainment -> Sega for $26.6 million
THQ Montreal -> Ubisoft for $2.5 million
Volition -> Koch Media, $22.312 million

Game Titles

Homefront -> Crytek for $544,218
Metro: Last Light -> Koch Media for $5.877 million
Southpark: The Stick of Truth -> Ubisoft for $3.265 million
Evolve -> Take-Two Interactive for $10.894 million

Furthermore, here is an exceprt from a statement by THQ CEO, Brian Farrell to employees.

We expect that most employees of the entities included in the sale will be offered employment by the new owners. However, we cannot say what these owners may intend, and there will likely be some positions that will not be needed under the new ownership. You should receive notice this week or early next week if the new owners intend to extend employment to you. Please note that the terms of your new employment, including pay and benefits, may be different from the current terms of your employment with THQ.

So, it seems some individuals may still be employed and most major titles have found a new home. It also seems that Koch Media (parent company of Deep Silver, which is responsible for games such as Dead Island) made out very well by acquiring both Relic and Metro. However, Crytek managed to snag Homefront for a relatively cheap price. Unfortunately, no bids were made for Vigil, the makers of Dark Siders, which means the IP and company currently remain in Limbo at the moment.