THQ’s sale hearing is tomorrow, Relic denies closure rumours23 Jan 2013
An auction for THQ’s assets took place today behind closed doors, but a sale hearing due to take place tomorrow at 9am (US Eastern) should reveal the fate of several studios and games. Properties like Company of Heroes 2 and formerly in-house studios Relic and Volition may well have changed hands.
At times like these, misinformation can be rife. As a case in point, a rumour about the possible closure of Relic has already been dismissed by designer Ryan McGechaen on twitter. “Relic is not ‘shut down’. Don’t believe everything you read,” McGechaen writes.
Meanwhile, South Park Digital Studios LLC have filed an objection with a Delaware bankruptcy court in an attempt to prohibit sale of South Park: The Stick of Truth (which was due to be published by THQ later this year.) Polygon reports that the document asks the court to deny any sale of The Stick of Truth unless South Park Studios consents to it, and is paid a figure of $2.3 million USD owed from defaulted payments.
We’ll find out whether this attempt to block the sale was successful tomorrow, when the public hearing should reveal all. For more about the THQ auction schedule and some of the financial maneuvering going on behind it, have a read of Distressed Debt’s informative round-up.