12/21/2012

Ubisoft Reportedly Looking to Buy THQ Assets IGN PS3

A new rumor suggests that Ubisoft is looking to buy the assets of troubled publisher THQ. According to MCV, anonymous sources suggest that Ubisoft is among the front-runners to bid for THQ’s assets, including brands and studios.


MCV’s sources suggest that Ubisoft is already participating in “lengthy discussions” regarding a deal but that it’s “after a bargain buy, and is prepared to hold-out until THQ is forced to sell off specific assets.”


THQ filed for bankruptcy earlier this week and entered into a deal with investment firm Clearlake Capital to manage its assets. THQ said Clearlake is a “stalking horse bidder” in a “section 363 sale process, which allows other interested parties to come forward with competing bids.” THQ president Jason Rubin referred to the process as “a new start for our company” and confirmed that all of its studios will remain open during the sale process and that game development will continue.


Continue reading…






IGN PS3

http://www.ign.com/articles/2012/12/21/ubisoft-reportedly-looking-to-buy-thq-assets

No comments:

Post a Comment