THQ's franchises and studios to be auctioned off on a "title by title" basis
We're heading towards the conclusion of THQ's ongoing bankruptcy saga. After the publisher's creditors raised objections over its hoped-for quick sale - objections which were upheld by a US judge - details are emerging about how that sale will eventually go down.
THQ had hoped to sell themselves as a whole, ensuring the company could exist as-is under a new owner. That's now not going to happen, after it was decided that a wholesale attempt would fetch less money than dividing the company up and selling each franchise separately. A tweet by the Distressed Debt Investing blog confirms this move, saying "The auction will allow for piecemeal ("title by title") sales of THQ assets"
DDI's latest blog update on the THQ case explains how the sale will work. THQ's properties will be auctioned off on January 22nd, with both titles and studios up for grabs. So far EA and Warner Brothers have been revealed as interested parties, although it's not known which titles they're eyeing up.
Also unclear is how this arrangement will affect THQ's upcoming games. Company of Heroes 2, Metro: Last Light and South Park: The Stick of Truth all seem close enough to completion that a prospective buyer would almost certainly want them released and making money. The status of their other projects - like Volition's Saints Row 4 - may be less secure. This is assuming the auction will keep each developer with their respective games, which itself is far from certain.
We should start to finally get some solid details come the sale hearing on January 23rd. In the meantime, wild speculation! Where would you like to see THQ's many great franchises end up?