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Thursday, 10 January 2013 09:49

Whole THQ sale still possible

Written by David Stellmack



Individual offer would have to be better


THQ has not given up on survival just yet. The company has gone on the PR offensive to make sure that everyone knows that a bid for company buyout is possible. The titles or assets will only be sold individually if the a la carte offers exceed the total buyout bid.

It would seem that with this confirmation from THQ, it is hard to see how a buyer of the entire company could compete with the potential bids that the company is likely to draw for its star titles and the studios behind them.

It is unknown which titles the individual bidders might be looking at. It also isn’t known if these bidders are looking at one or more titles to purchase. It seems however that THQ whole is likely to survive this process, but stranger things have happened in this business.

Those bidding will have to have their bid in by January 22nd at 9am with the auction to start at 3pm. On January 23rd at 9:30am a hearing will be held where we assume that the winning bidders will be announced following by the closing on January 24th.

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