THQ to Sell Certain Remaining Intellectual Properties
THQ announced that it will sell certain of its remaining intellectual properties (IP) via a court-supervised sale process. In late January, THQ sold the majority of its studios and games in development as part of its Chapter 11 case. The company expects to complete the bidding and sale process for these remaining IP assets by mid-May.
The company has designated six lots of IP titles for bidding:
Initial bids must be submitted by April 1, 2013. Final bids are required by April 15. The company, in consultation with its unsecured creditors committee, will determine the best and highest bid for each lot and designate a back-up bid. In May, the sales will be presented to the court for final approval.
For additional information regarding the Chapter 11 case, click here.
Previously on abfjournal.com: