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THQ's Assets Are Divided, Deep Silver Snatches Saints Row

Posted by Sammy Barker

Thanks for the memories

The auction for THQ’s assets has concluded, with the publisher closing up shop as a result. After a gruelling 22 hour auction process, intermediaries decided that individual bids would net a greater cash return for the debt riddled company, resulting in the demise of the once prolific publisher. The new owners of many of the organisation's brands were detailed in an open letter sent to employees earlier today, which also thanked them for their contributions to the firm.

According to the correspondence, Saints Row is now in the possession of Dead Island publisher Deep Silver, along with the Metro license. SEGA has snapped up Warhammer 40K: Space Marine developer Relic Entertainment, while Crytek has agreed to purchase the Homefront brand. Ubisoft has picked up South Park: The Stick of Truth and Patrice Desilet’s recently founded Montreal studio, bringing the Assassin’s Creed creator full circle. Finally, Take Two has grabbed Evolve, the unannounced multiplayer title in development at Turtle Rock.

Darksiders developer Vigil Games and other “unnamed THQ properties” not included in the sale will remain a part of the chapter 11 case, though the organisation stresses that it “will make every effort to find appropriate buyers, if possible”. Naturally, our thoughts go out to all of those affected.

Update: Twitter user DDInvesting, who's been a rock solid source throughout the THQ court hearings, has posted the prices paid for the individual properties online. Here's what everything cost:

  • $500K Homefront (Crytek)
  • $26M for Relic (Sega)
  • $2.5M for THQ Montreal (Ubisoft)
  • $3.2M for South Park (Ubisoft)
  • $11M for Evolve (Take-Two)
  • $22.3M for Volition (Deep Silver)
  • $5.8M for Metro (Deep Silver)

Saints Row was an absolute bargain at $22.3 million as far as we're concerned. That franchise has a lot of life left in it.

Update 2: According to IGN, 2K Games is poised to take control of the WWE license.

[via kotaku.com]

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User Comments (12)

Galvatron

#2

Galvatron said:

I'm never going to be in favour of any business biting the dust and people losing jobs, but for as long as I can remember THQ were, in my eyes, one of the worst publishers of modern times.
Their releases were either unpolished, juvenile, lacked depth or copycat titles. I know some people liked Darkstalkers (I'll admit I never played that) but as soon as I knew the publisher of a title was THQ, I ran a mile. Saints Row divided opinion but to me it was always going to be a poor man's GTA, and clearly the publisher was pushing these dev teams to copycat as much as possible or attempted to appeal to the lowest common denominator.
I hope all the staff find work elsewhere, but as a publisher this company didn't add much to the industry. Unlike Psygnosis....

hydeks

#3

hydeks said:

I hate to see THQ go, but thats just the way things are. I think all the properties that where bought up where basicly bought from the right people, Ubisoft owning South Park games, SEGA owning Relic now, Crytek with Homefront, it's all pretty cool.

ShogunRokAdmin

#5

ShogunRok said:

Interesting to see what these companies do with their new assets... I too am looking forward to seeing where Saint's Row goes.

Then again, I'm not a fan of Deep Silver.

Splat

#6

Splat said:

The Smackdown vs Raw series had got very stale but both WWE 12 and 13 got back on track IMO. I have mixed feelings about this.

Gamer83

#7

Gamer83 said:

Really sucks to see THQ go. I just wonder what it was that did them in. I know the licensed stuff was pretty bad but I thought WWE always did decent sales numbers and Saints Row's sales were going up nicely with each iteration. I know Darksiders and Red Faction didn't do well, which probably hurt, and it's a true shame as each are pretty good games but people would rather buy recycled nonsense like Call of Duty and Madden every year rather than give actual good games with effort put into them a shot. To top this all off the company behind the putrid Dead Island gets Saints Row and the future of Darksiders and Vigil is very much up in the air. Not a good day.

Hope all the people effected by this bounce back quick.

naruball

#10

naruball said:

So, who got udraw?
Anyone know if Darksiders can still be saved?
They have a really soft spot in my heart because of the awesomeness of Titan Quest :/

ThreadShadow

#11

ThreadShadow said:

Platinum Games just tweeted, in jest I'm sure, that they want to buy Vigil on the cheap.

I feel bad for Jason Rubin. From what I've seen he can make fun games, and it sounds like he was busting his butt to keep THQ afloat while trying to reorganize it.
Is it just me or do you think he was trying to turn it from publisher to dev house? If he'd had a chance perhaps he could have turned it into the next NaughtyDog or Bungie or something.

Looks like Patrice Desilets can't get away from Ubi-soft.
There's an old saying for that.
"You can take the dev out of Ubi-soft, but you can't stop Ubi-soft from hunting down that dev and buying up his new studio when his parent company gets sold out on him."
Imagine. He leaves Ubisoft and has to wait out his non-compete claus, then when it's finally up and he can get to work Ubisoft walks in and says "Congratulations you're an employee of Ubisoft!".

ThreadShadow

#12

ThreadShadow said:

Hey, who picked up the Jeopardy! and Wheel of Fortune license?

If HomeFront had gone to EA, then the HomeFront series could've been officially connected to the Freedom Fighters universe. Because that's important.

Did Double Fine get what they were looking for?

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