December 19, 2014 5:42 PM ET

Software

Company Overview of THQ Inc.

Company Overview

THQ Inc. develops and publishes interactive entertainment software for various game systems, personal computers, wireless devices, and the Internet. Its titles span various categories, including action, adventure, fighting, role-playing, simulation, and strategy. The company’s portfolio of franchises includes games based on its own intellectual properties, including Company of Heroes, Darksiders, Homefront, inSANE, and Saints Row; and core games based on licensed properties comprising Games Workshop's Warhammer 40,000 universe, Metro, and World Wrestling Entertainment. It markets and distributes games directly to mass merchandisers, consumer electronic stores, discount warehouses, and other ...

29903 Agoura Road

Agoura Hills, CA 91301

United States

Founded in 1989

1,088 Employees

Phone:

818-871-5000

Fax:

818-591-7400

Key Executives for THQ Inc.

THQ Inc. does not have any Key Executives recorded.

THQ Inc. Key Developments

THQ Inc. Terminates Brian J. Farrell as Chief Executive Officer, Jason Rubin as President and Jason Kay as Chief Strategy Officer

THQ Inc. terminated the employment of Brian J. Farrell as Chief Executive Officer of the company, Jason Rubin as President of the company, and Jason Kay as Chief Strategy Officer of the company, each without cause and effective January 30, 2013.

Companies Submitted Bid For THQ Units

Sega of America, Inc. has submitted a proposal to acquire THQ Canada Inc. (Relic Entertainment), a unit of THQ Inc. for $26.6 million after a bid made by ZeniMax Media Inc. for $26.3 million. Postmedia Breaking News reported that a spokesperson for Sega said the company had no comment at this time. THQ Montreal Inc. received a $2.5 million bid from Ubisoft Entertainment SA. "The most important thing is that, until the court has actually approved anything, nothing is set in stone," Yohan Eile, THQ Montreal's Director of business said, though he did not foresee any problems preventing the proposed sale."After that Ubisoft will be able to extend employment offers to all the employees, or the ones they want. And it's going to be up to them to continue the projects." The sale is expected to be finalized in court on January 24, 2013.

THQ Inc. Gets Final DIP Approval

THQ Inc. has received final approval to use $37.5 million in debtor-in-possession financing while it attempts to sell its assets. Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware in Wilmington approved the DIP on Jan. 11. Wells Fargo Bank NA is providing a revolver of up to $27.5 million, plus up to $10 million in over advances, while Clearlake Capital Group LLC is supplying a $10 million term loan. THQ may not borrow more than $30 million at once.

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