THQ files for bankruptcy


— 11:06 AM on December 20, 2012

Game publisher THQ has filed for bankruptcy. Worry not, though. The firm has already found an investor interested in buying most of its assets. According to a community message posted by THQ President Jason Rubin, Clearlake Capital Group wants to purchase "most of what you think makes up THQ," including development teams, intellectual proprety, support staff, and contracts with external developers. Clearlake is apparently willing to fund THQ's operations while the bankruptcy proceedings play out, and it's committed to investing "additional ample capital" going forward.

Just because THQ has an offer doesn't mean Clearlake will end up with the company's assets. The bankruptcy proceedings allow other bidders to throw their hats into the ring, and we won't know how things shake out for another 30 days. Rubin expects the teams working on upcoming titles like Metro: Last Light, Company of Heroes 2, Homefront 2, and the the next Saint's Row game to remain intact, however.

THQ made headlines a few weeks ago by contributing games to a Humble Bundle. That promotion raised $5 million, but it's unclear how much of the total was allocated to THQ—clearly, not enough to save the company from chapter 11.

Interestingly, the Humble Bundle experience does have THQ considering Linux support for upcoming games. Rubin told Polygon that THQ shouldn't overlook the Linux gaming community, and that it's weighing options for porting titles to the OS. The extent of THQ's future Linux efforts likely depends on on the results of the firm's bankruptcy proceedings. It would certainly be nice to have another big-name gaming company committed to the alternative OS.

   
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