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EA Join The List Of Bidders For THQ's Assets

Author:
Matt Gardner
Category:
News
Tags:
Bankruptcy, Company of Heroes 2, EA, Metro: Last Light, South Park: The Stick of Truth, THQ

EA Join The List Of Bidders For THQ's Assets

It's been thoroughly depressing to see THQ circle the drain, and it might just be about to get worse. Hot on the heels of Ubisoft and Warner Bros., and it would appear that EA have thrown themselves into the mix in the bid to obtain THQ's precious assets.Previous plans for a complete buyout fell through, and it seems that now THQ will be engaged in a "title by title" auction of their intellectual properties and owned studios, which is scheduled to take place on 22nd January. Those IPs include WWE, Metro, Saints Row, and Company of Heroes.

According to Distressed Debt Investing (via IGN), EA is considered “a potential buyer of certain titles” and “has completed site visits.”

THQ filed for bankruptcy in mid-December, although the company announced that work would still continue on titles scheduled for 2013 - Metro: Last Light, South Park: The Stick of Truth, Company of Heroes 2 - following a $60 million buy-out option from investment firm Clearlake Capital Group.

Add a comment3 comments
sits69  Jan. 8, 2013 at 13:50

Oh quit with the EA-bashing, Dealspwn. Most of us no longer live in the 90's.

Breadster  Jan. 8, 2013 at 14:53

This article isn't really EA bashing, and even if it were, why would that mean that Dealspwn staff are living in the 90's?

Ilium  Jan. 8, 2013 at 15:24

I'm all for EA bashing, frankly. They've hardly been a shining beacon of excellence in the last few years. They've run several studios into extinction, ruined numerous others.

My gripe can be summed up in one word tbh: BioWare.

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