Sadly, the inevitable has happened and THQ can no longer operate on its own. The company filed for bankruptcy earlier today.
This does not mean that the company is shutting down or closing all of its studios, it is just selling its assets so whoever is rich enough to buy them off can keep them afloat.
Brian Farrell, Chairman and CEO of THQ said:
“The sale and filing are necessary next steps to complete THQ’s transformation and position the company for the future, as we remain confident in our existing pipeline of games, the strength of our studios and THQ’s deep bench of talent.”
No employees are expected to be laid off and workers are to be paid and work at their normal schedules.