REPORT - THQ Denied Approval of Bankruptcy Sale Process and Loan
THQ Inc. (THQIQ), maker of the “Saints Row” and “Company of Heroes” video-game franchises, failed to obtain approval of a loan to help fund operations and lost its bid for a quick bankruptcy sale.
U.S. Bankruptcy Judge Mary F. Walrath at a hearing yesterday in Wilmington, Delaware, sided with creditors that said the proposed sale process didn’t give potential buyers enough time. Walrath found the video-game maker’s efforts to market the company for sale before bankruptcy weren’t sufficient for her to allow the aggressive sale process.
Full report here
U.S. Bankruptcy Judge Mary F. Walrath at a hearing yesterday in Wilmington, Delaware, sided with creditors that said the proposed sale process didn’t give potential buyers enough time. Walrath found the video-game maker’s efforts to market the company for sale before bankruptcy weren’t sufficient for her to allow the aggressive sale process.
Full report here
Related Posts:
- Report: Warner Bros. Interactive Interested in Bidding on THQ's Assets - kotaku
- Warner Bros. Among Potential THQ Buyers - IGN
- REPORT - 5 separate buyers interested in THQ properties - GoNintendo
