Daily News: July 17, 2013

THQ Receives Approval for Liquidation Plan

Bloomberg reported that U.S. Bankruptcy Judge Mary F. Walrath granted THQ approval of its liquidation plan. The plan reportedly pays creditors from the proceeds of the sale of THQ assets to former competitors.

According to the article, creditors will recover 20% to 52% of what they are owed.

To read the entire Bloomberg story, click here.

Previously on abfjournal: THQ to Receive $6.55MM in IP Sale, April 24, 2013