According to reports, Warner Brothers Interactive Entertainment is a potential buyer for THQ.
Distressing Debt Investing, who were present at the bankruptcy hearing yesterday, posted various tweets quoting THQ banker Sam Greene who had said that five buyers are interested in purchasing THQ. However some of these buyers may not want the whole of THQ and it’s library, but may place a bid for individual properties owned by the company. Clearlake Capital, the company who wants to buy THQ for $60 million have said that the sale of individual properties is not allowed.
Just yesterday, US Trustee Roberta DeAngelis said THQ’s sale of assets to Clearlake Capital within 30 days stopped other companies from bidding. This was not the only objection to THQ’s practises, the full article ishere. No other potential buyers except Warner Bros. have been revealed however there have been reports that Ubisoft are interested.
Another hearing is to be held on Monday 7th January.
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