Important Message for all IncGamers Readers!

From 26 May this site is no longer being updated. Why? Because we have a new home for PC gaming goodness.

The IncGamers team bas now moved to which is all shiny and new.

If you have an site account it will be active on the new site. Head there now for our welcome post.

Note: All IncGamers content will remain live on this site but the main page will change shortly.

THQ’s sale hearing is tomorrow, Relic denies closure rumours

23 Jan 2013 by Peter Parrish
THQ’s sale hearing is tomorrow, Relic denies closure rumours

THQ Logo

An auction for ’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 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.

Related to this story
Register an IncGamers account to post comments or use Disqus.
You can also post via a social network.