Ubisoft Might Be Interested In THQ Assets
Ubisoft is reportedly eyeing THQ’s assets in the wake of the troubled company’s recent bankruptcy announcement.
Once THQ has everything sorted out in court, the French game developer is interested in taking over operations at the beleaguered company. MCV reports that, despite the bankruptcy and the proposed sale, the company’s offices will remain open for the time being.
If Ubisoft manages to get its hands on THQ, then the company will be another step closer to becoming one of the largest game designers on the planet. In addition acquiring the popular Saints Row franchise, the company will also have access to Company of Heroes, Darksiders, Homefront.
Shack News reports that THQ’s Jason Rubin says all is well at the company despite the fact that it’s currently on the market. At the moment, neither company at the center of these rumors has commented on the potential acquisition.
However, sources indicate Ubisoft is currently holding out for a good price for THQ’s assets. Although no other buyers have surfaced as of this writing, there’s always the chance a bidding war could ensuing should someone else decide to make a grab for the company.
Inquisitr previously reported that THQ filed for bankruptcy on Wednesday. Clearlake Capital Group put a value on the company’s assets at $60 million. The investment firm’s “stalking horse” offer essentially takes care of the developer’s debts and makes the company a bit more appealing to potential bidders.
“We are grateful to our outstanding team of employees, partners and suppliers who have worked with us through this transition,” THQ Chairman and CEO Brian Farrell said in a statement. “We are pleased to have attracted a strong financial partner for our business, and we hope to complete the sale swiftly to make the process as seamless as possible.”
What do you think about the rumors that Ubisoft is interesting in acquiring THQ’s assets?