THQ assets sold off, company shuts down

THQ thq-logohas shut its doors.

A bankruptcy auction marked the formal end of the company that was once the industry’s third largest publisher, divvying up its pieces among bidders like Vikings after a raid. Several companies bought THQ’s franchises and developers for total of about $72 million.

Read more at Yahoo! Games

What does bankruptcy mean for the future of THQ?

There’s metrolla certain irony that THQ — a company whose name is an abbreviation of Toy Head Quarters — met its fate less than a week before Christmas.

Make no mistake, THQ as we’ve known it is no more. The name might live on — and many of the games that were in the pipeline will likely make it to market. But even if that entity eventually proves to be a major force in the video game publishing industry at some point in the future, it won’t be THQ that succeeds. It will be its offspring.

Read more at Gamasutra