Just because they file for bankruptcy doesn't mean they're out of business. They're just restructuring debt to buy time until new products hit the market.
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interesting does that mean crysis 3 maybe on steam through crytek but no sale tho ?
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It's Chapter 11 bankruptcy, guys. It just allows the company to restructure while getting time to not pay back their debt. They still retain control of the company. A third of companies that undergo chapter 11 bankruptcy survive so let's just hope for the best. Actually, they have a good chance to pull through as they have Metro: Last Light, The Stick of Truth and Company of Heroes 2 nearly finished.
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That is a shame, I spent a lot of my teen years playing their wrestling games on the N64. :(
I really hope they can recover in one form or another and continue to make great games.
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Folks, I don't think you realize how Chapter 11 bankruptcy works. THQ isn't going bye-bye, the process is mainly a restructuring that could see them get better terms on their debt or have some of it forgiven. They could very well come out of it in a stronger position.
This isn't a Chapter 7 bankruptcy where they stop operations and all assets are liquidated. They are going to attempt to reorganize and create a plan to pay back their creditors over time.
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NooooOOOOoooo!
Damn, times like this when you wish you were a millionaire who could save an entire game company from bankruptcy. -.-
Everyone, take your pitchforks and protect those game rights from EA!
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So I guess they aren't releasing Saints Row 4 with super powers... :(
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Have not seen your for a while! Maybe they will turn it back into a DLC for SR3. Enter the Dominatrix looked like it would have been fun.
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as I said some time ago... sadly it was faster than I though :(
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THQ Bankrupty
Thanks to
Celdiruen & bibboorton for pointing out that they are filling for chapter 11 which basically means that they
are restructuring the debt
More info on chapter 11
thanks to soulvice
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