Publisher THQ Files For Chapter 11 Bankruptcy

THQ is cleaning house and giving ownership to a new set of people. After a HUGELY successful Humble Bundle that raised the stock of the company almost 40% temporarily, another great deal offered through amazon and now the STEAM winter sale, it is still going through with what all the economists believed. They’re filing for Chapter 11 baby.

Clearlake Capital Group is putting up $60million US Dollars to purchase the fledgling publisher and it’s four development houses, Vigil, Relic, Volition and THQ Montreal. The goods news is their development schedule will continue as planned during the course of the Bankruptcy, should the court approve of the sale.

We will keep you up to date on the process as more information is released. The bankruptcy court will allow for other companies to make offers and bid on the publisher, so it may get interesting.

Read the full press release HERE

Check out the THQ Collection on STEAM HERE