The new forums will be named Coin Return (based on the most recent vote)! You can check on the status and timeline of the transition to the new forums here.
The Guiding Principles and New Rules document is now in effect.
THQ is dead! Vigil layoffs!
C2B
SwitzerlandRegistered User regular
SwitzerlandRegistered User regular
http://kotaku.com/5978429/this-is-the-letter-that-thq-sent-to-employees-today
We get more information on who bought what in around half an hour. Seems like THQ went the way of Activision and Midway.
Sales
Studios
Relic -> Sega
Volition -> Koch Media
Vigil -> Dead
THQ Montreal -> Ubisoft
IP's
Metro -> Koch Media
Homefront -> Crytek
Evolve -> TakeTwo
South Park -> Ubisoft
Remaining properties are still part of the Chapter 11 filling and will still be determined.
We get more information on who bought what in around half an hour. Seems like THQ went the way of Activision and Midway.
Sales
Studios
Relic -> Sega
Volition -> Koch Media
Vigil -> Dead
THQ Montreal -> Ubisoft
IP's
Metro -> Koch Media
Homefront -> Crytek
Evolve -> TakeTwo
South Park -> Ubisoft
Remaining properties are still part of the Chapter 11 filling and will still be determined.
C2B on
0
Posts
Ubisoft buying THQ Montreal is hilariously sad.
Steam
Both of these things would sit well with me.
Just need to hear about Volition's fate... I feel like I'm waiting to see if my friend made it through surgery.
Oh man, Sega? I'll be curious to see what becomes of that.
This might be dumb for me to ask, but can it be assumed the 40k license will go with Relic? I suppose well know more soon. (I admit I don't know much about how this stuff works!)
Ok, that does not sit well with me...
Now for the bigger question....did Sega acquire the Homeworld IP along with Relic???
Steam
Tempted to pick up the last one or two UDraw titles I'm missing to get a complete set.
Switch: 6200-8149-0919 / Wii U: maximumzero / 3DS: 0860-3352-3335 / eBay Shop
That's the L4D guys, right? What's their new project?
Ugh :?
Well, currently SEGA holds the rights for Warhammer Fantasy. And I haven't seen mention of 40K being sold (chances are it wasn't because... well, GamesWorkshop.), it wouldn't be crazy to imagine SEGA trying to secure the license to keep the working on that.
Evolve, which was rumored to have been picked up by Deep Silver earlier. No real details were ever released about it.
I believe it was unannounced, but would be using CryEngine 3. They haven't really said anything since late 2011.
Something called Evolve.
Steam
Tit statue joke here.
Didn't they get Volition itself?
(And what of Saints Row?)
Steam ID XBL: JohnnyChopsocky PSN:Stud_Beefpile WiiU:JohnnyChopsocky
They got Volition according to Rumor Mill
I think they got Volition.
We now have the answers we've been seeking through our financial restructuring and
Chapter 11 case. While much will be written, here are the facts of the bids and auction
that occurred t:
Yesterday morning, we received a competing bid for the operating business,
along with Clearlake's offer, and numerous offers for separate assets.
During an auction process that lasted over 22 hours, the final conclusion was
that the separate-asset bids would net more than a single buyer for the majority
of the company.
Shortly, we will, present the results to the U.S. Bankruptcy Court, which must
concur with our assessment.
The proposed sales of multiple assets is as follows :
Sega agreed to purchase Relic
Koch Media agreed to purchase Volition and Metro
Crytek agreed to purchase Homefront
Take 2 agreed purchase Evolve and
Ubisoft agreed to purchase Montreal and South Park
We expect these sales to close this week.
Some assets, including our publishing businesses and Vigil, along with some other
intellectual properties are not included in the sale agreements. They will remain part of
the Chapter 11 case. We will make every effort to find appropriate buyers, if possible.
What this means for employees
We expect that most employees of the entities included in the sale will be offered
employment by the new owners. However, we cannot say what these owners may
intend, and there will likely be some positions that will not be needed under the
new ownership. You should receive notice this week or early next week if the new
owners intend to extend employment to you. Please note that the terms of your new
employment, including pay and benefits, may be different from the current terms of
your employment with THQ.
If you are an employee of an entity that is not included in the sale, we regret that
your position will end. A small number of our headquarters staff will continue to be
employed by THQ beyond January 25 to assist with the transition. THQ has sufficient
resources to pay these employees for work going forward, and we will be contacting
these employees immediately to ensure their continued employment during this
transition period. We are requesting the ability to offer certain severance pay to
minimize disruption for employees of non-included entities as they determine the next
steps in their careers.
We know you will have many questions about this news. We'll be meeting tomorrow
when we return to talk through this announcement and to answer any questions you
have. You will receive a benefits fact sheet and FAQs with answers to some questions
that may be on your mind. Please review these materials closely.
A personal note
The work that you all have done as part of the THQ family is imaginative, creative,
artistic and highly valued by our loyal gamers. We are proud of what we have
accomplished despite today's outcome.
It has been our privilege to work alongside the entire THQ team. While the company
will cease to exist, we are heartened that the majority of our studios and games will
continue under new ownership. We were hoping that the entire company would remain
intact, but we expect to hear good news from each of the separate entities that will be
operating as part of new organizations.
For those THQ employees who are part of entities that are not included in the sale, we
are confident that the talent you have displayed as part of THQ will be recognized as you
take the next steps in your career.
Thank you all for your dedication and for sharing your talent with the THQ team. We
wish you the best of luck and hope you will keep in touch.
Sincerely,
Brian Farrell
Chief Executive Officer
Jason Rubin
President
Steam
I am very sad about Vigil not being sold and being on the block to be dissolved as part of the Chapter 11
Switch: 6200-8149-0919 / Wii U: maximumzero / 3DS: 0860-3352-3335 / eBay Shop
Sadly, yes...and it's very unlikely we'll ever see Plague or Pestilence's stories
Steam ID XBL: JohnnyChopsocky PSN:Stud_Beefpile WiiU:JohnnyChopsocky
As long as Relic is still free to make their ridiculously awesome squad based RTS's like Company of Heroes and Dawn of War, I am coo' with this.
Strife and Fury.
Yeah, whatever...I call them Plague and Pestilence, because that's the real four horseman. The point is, we'll never see all four Horsemans stories.
Thanks for publishing this, THQ. Some of the best social gaming I've had in a long time.
Thinking I'm gonna pick up a 1600 point card on the way home so I can buy the Four Jack Packs just in case they disappear from the XBLM.
Switch: 6200-8149-0919 / Wii U: maximumzero / 3DS: 0860-3352-3335 / eBay Shop
The odds of either going anywhere Volition isn't are super slim at best.
Steam
Darksiders
but yeah, probably