www.411mania.com
|  News |  Columns |  TV Reports |  Video Reviews |  Title History |  Hall of Fame |  News Report |  The Dunn List |
SPOTLIGHTS  SPOTLIGHTS
MOVIES/TV
// Alleged Nude Photos Of Jennifer Lawrence, Kate Upton and Dozens More Celebs Leaked in Online Hack
MUSIC
// Kesha Instagrams a Nearly-Topless Selfie From VMAs
WRESTLING
// The Monday Night War Review: Episode Two - 'The Rise of the n.W.o'
MMA
// Top 10 Fighters Who Are Better Than Their Record
GAMES
// Grand Theft Auto 5 Not Delayed on Xbox One, PS4 & PC




 HOT TOPICS
//  CM Punk
//  John Cena
//  Triple H
//  Hulk Hogan
//  Randy Orton
//  Christian
SYNDICATE  SYNDICATE



411mania RSS Feeds





Follow 411mania on Twitter!




Add 411 On Facebook
 


 
 411mania » Wrestling » News

Advertisement
UPDATED: WWE Video Game Partner THQ Files For Bankruptcy
Posted by Larry Csonka on 12.19.2012



UPDATE: WWE issued the following statement (via Daily Finance) regarding THQ's bankruptcy filing:

"WWE is following the developments of THQ's bankruptcy filing today and proposed sale under Bankruptcy Code Section 363. The Company anticipates actively participating within this proceeding."


ORIGINAL: According to marketwatch.com, THQ, the video game partner of WWE, announced today that the company will file for bankruptcy. THQ, which is a publicly traded company, also halted trading of shares.

The company's assets will be purchased by the "affiliates" of Clearlake Capital, which is a company that describes itself as an investment firm focused on "private equity and special situation transactions."

THQ has officially filed for Chapter 11 bankruptcy in a U.S. federal court in Delaware. As of today, the company's stock was last listed at $1.22, down 84 percent from this time last year, and the stock price plummeted, as investors sold off shares in a last-ditch effort to salvage their investment.

At this time, there is no news on how this will affect WWE video games going forward. THQ may be re-organized following Clearlake's purchase, or the assets could be auctioned off.




More must-read wrestling news:
* Match Set For First Raw of 2013 (SPOILERS)
* Complete WWE Raw taping results (SPOILERS)
* WWE Raw rating
* Update on Ric Flair's WWE status
* Jeff Hardy: "The Undertaker launched my singles career"
* 411's WWE Smackdown report






MUST-READ 411 STORIES:

DC Comics: Doomed At Box Office?

Top 8 Comic Face Turns

Nude Pics of Upton, Other Celebs Leak?


comments powered by Disqus











www.41mania.com
Copyright (c) 2011 411mania.com, LLC. All rights reserved.
Click here for our privacy policy. Please help us serve you better, fill out our survey.
Use of this site signifies your agreement to our terms of use.