Bankrupt THQ Finds Buyers for Games

'Darksiders,' 'Red Faction,' 'Marvel Super Hero Squad' have received bids from publishers.

Bankrupt THQ Finds Buyers Games

THQ has raised an additional $6.55 million from the sale of game properties that include “Darksiders,” “Red Faction,” “Marvel Super Hero Squad” and “Drawn to Life” as the publisher continues to offload assets after filing for bankruptcy.

  • Swedish gamemaker Nordic Games Licensing is offering $4.9 million for “Darksiders,” “Red Faction,” “MX vs ATV,” Other Owned Software (that includes “Destroy all Humans!,” “Summoner”), and Other Licensed Software (“Marvel Super Hero Squad,” “Supreme Commander”)
  • Gearbox Software, based in Plano, Texas, has bid $1.35 million for “Homeworld.” “Homeworld’s” original developer Relic Entertainment was sold to Sega for $26.6 million in another auction of THQ assets in January.
  • And Italian videogame publisher 505 Games has bid $300,000 for “Drawn to Life” and “Drawn to Life: The Next Chapter.”

Company made the franchises available to buyers in February in order to raise more coin to pay back creditors.

The sale of the assets were conducted via a court-supervised sale process, the Agoura Hills, Calif.-based company said. Initial bids had to be submitted by April 1, with final bids due April 15.  THQ filed its motions Monday with the Bankruptcy Court to obtain approval of these proposed sales. Court is expected to hear the sales motions on May 13, and finalize the sales thereafter.

THQ already had sold most of the top titles in its library, as well as development studios, to buyers last month, after declaring Chapter 11 bankruptcy. Liquidation included Turtle Rock Studios’ “Evolve;” “Saint’s Row,” “Homefront 2,” “Metro: Last Light” and “South Park: The Stick of Truth,” generating around $72 million through the auction.

THQ and its domestic business units filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Court for the District of Delaware on Dec. 19, 2012.