Earlier today, the video game entertainment world was rocked with some eye opening news. AGOURA HILLS, Calif. (BUSINESS WIRE) makes the announcement:
THQ Inc. (THQI), a leading worldwide developer and publisher of interactive entertainment software, today announced that it entered into an Asset Purchase Agreement with a “stalking horse bidder,” affiliates of Clearlake Capital Group, L.P., to acquire substantially all of the assets of THQ’s operating business, including THQ’s four owned studios and games in development. The sale will allow THQ to shed certain legacy obligations and emerge with the strong financial backing of a new owner with substantial experience in software and technology.
As virtually, every wrestling fan knows, THQ is the long time maker/creator of WWE video games such as the just released “WWE ’13″. What will this mean for the future of the WWE games due to the company now filing for chapter 11 bankruptcy?
According to the Business Wire, consumers and retailers will see no changes while the company is in completion of the sale. Whats even better is that THQ has no plans whatsoever to reduce its workforce due to this transition. So all workers and employees of THQ will continue to work their positions and be compensated as normal.
This is a situation where now THQ will have new owners who will virtually run the company. Even though what has been released is good news in terms of the workers, still plans can change at anytime.
WWE gaming should not worry too much, due to its strong reputation and great sales. WWE Smackdown vs Raw 2008 was and still stands as the #1 selling game in THQ history selling over 3.5 million copies. And for the most part, WWE does exceptionally well in terms of game sales. If/when certain game franchises are on the chopping block due to the new ownership, I don’t think that WWE has too much to worry about.
Maurice D. Proffit is a Writer for Rant Sports