jakks pacific inc (JAKK:NASDAQ GS)
As of 8:10 PM 05/21/13 All times are local (Market data is delayed by at least 15 minutes).
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
THQ%20Inc.%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20December%2019%2C%202012.%20The%20debtor%20listed%20its%20assets%20of%20%24206.93%20million%20and%20liabilities%20of%20%24253.41%20million.%20The%20largest%20unsecured%20creditors%20include%20Wilmington%20Trust%2C%20National%20Association%2C%20JAKKS%20Pacific%2C%20Inc.%2C%20Mattel%2C%20Inc.%2C%20Microsoft%20Licensing%20Inc.%2C%20Starcom%20MediaVest%20Group%2C%20Inc.%2C%20Technicolor%20SA%2C%20Viacom%2C%20Inc.%2C%20World%20Wrestling%20Entertainment%20Inc.%2C%20Yuke%27s%20Co.%2C%20Ltd.%20and%20Zuffa%2C%20LLC.%20M.%20Blake%20Cleary%2C%20Jaime%20Luton%20Chapman%2C%20Morgan%20L.%20Seward%20and%20Michael%20R.%20Nestor%20of%20Young%20Conaway%20Stargatt%20%26%20Taylor%2C%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor%20and%20Oscar%20Garza%2C%20Jeffrey%20C.%20Krause%20of%20Gibson%2C%20Dunn%20%26%20Crutcher%20LLP%20acted%20as%20legal%20counsels%20for%20the%20debtor.%20The%20debtor%20retained%20Centerview%20Partners%20LLC%20as%20investment%20banker%2C%20FTI%20Consulting%2C%20Inc.%20as%20financial%20advisor%2C%20and%20Kurtzman%20Carson%20Consultants%20LLC%20administrative%20agent%20for%20a%20retainer%20of%20%2425%2C000%20and%20hourly%20fee%20of%20%24206.50.%20Adam%20G.%20Landis%2C%20Kerri%20K.%20Mumford%20and%20Landon%20Ellis%20of%20Landis%20Rath%20%26%20Cobb%20LLP%20and%20Jeremy%20B%20Reckmeyer%2C%20Jonathan%20I.%20Levine%2C%20Paul%20N.%20Silverstein%20and%20Timothy%20S.%20McConn%20of%20Andrews%20Kurth%20LLP%20acted%20as%20legal%20advisors%20for%20Official%20committee%20of%20unsecured%20creditors.%20Heike%20Vogel%20of%20Arent%20Fox%20acted%20as%20legal%20advisor%20for%20THQ%20Inc.%20Houlihan%20Lokey%20Capital%20acted%20as%20financial%20advisor%20for%20official%20committee%20of%20unsecured%20lenders.%20Edwards%20Wildman%20Palmer%20LLP%20acted%20as%20legal%20advisor%20for%20the%20debtor.%20Studley%2C%20Inc.%20acted%20as%20real%20estate%20broker%20for%20the%20debtor.%0D%0A%0D%0ATHQ%20Inc.%20filed%20a%20motion%20in%20the%20Court%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20on%20December%2019%2C%202012.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20substantially%20all%20its%20assets%20to%20Clearlake%20Capital%20Group%2C%20L.P.%2C%20stalking-horse%20bidder%2C%20at%20a%20purchase%20price%20of%20%246.65%20million%20in%20cash%2C%20waive%20all%20claims%20under%20the%20DIP%20credit%20facility%2C%20assumption%20of%20certain%20liabilities%20of%20%2415%20million%20and%20a%20promissory%20note%20of%20%2410%20million%20with%202%25%20interest%20p.a.%20The%20note%20will%20be%20payable%20in%207%20years.%20Debtor%20and%20buyer%20has%20entered%20into%20an%20asset%20purchase%20agreement%20on%20December%2019%2C%202012.%20Debtor%20also%20seeks%20approval%20for%20proposed%20bidding%20procedures.%20As%20per%20the%20proposed%20procedures%2C%20prospective%20purchasers%20must%20submit%20bids%20by%20January%208%2C%202012%20and%20auction%20will%20be%20conducted%20on%20January%209%2C%202013.%20Sale%20hearing%20will%20be%20conducted%20not%20later%20than%20January%2010%2C%202012.%20Bidders%20need%20to%20provide%20good-faith%20deposit%20of%2010%25%20of%20bid%20submitted.%20Bid%20should%20be%20at%20least%20%242.75%20million%20more%20than%20cash%20component%20of%20purchase%20price.%20In%20the%20auction%2C%20bids%20should%20be%20with%20minimum%20additional%20increment%20of%20%240.50%20million.%20If%20Clearlake%20will%20not%20emerge%20as%20successful%20bidder%2C%20debtor%20will%20pay%20break-up%20fee%20of%20%241.75%20million%20and%20expenses%20reimbursement.%20Transaction%20is%20expected%20to%20close%20by%20January%2014%2C%202012.%20DLA%20Piper%20LLP%20acted%20as%20legal%20counsel%20for%20the%20buyer.%20The%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20cases%20of%20THQ%20Inc.%20and%20its%20affiliates%20on%20December%2020%2C%202012.%20The%20affiliates%20include%20THQ%20Digital%20Studios%20Phoenix%2C%20Inc.%2C%20THQ%20Wireless%2C%20Inc.%2C%20Volition%2C%20Inc.%20and%20Vigil%20Games%2C%20Inc.%20THQ%20Inc.%20filed%20a%20motion%20for%20the%20sale%20of%20accounts%20receivables%20on%20December%2019%2C%202012.%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20to%20THQ%20Inc.%20to%20obtain%20DIP%20financing%20on%20an%20interim%20basis%20on%20December%2020%2C%202012.%20The%20US%20Bankruptcy%20Court%20gave%20an%20interim%20order%20approving%20the%20sale%20of%20accounts%20receivables%20of%20THQ%20Inc.%20on%20January%204%2C%202013.%20The%20debtor%20has%20been%20authorized%20to%20sell%20accounts%20receivables%20to%20Wells%20Fargo%20Bank%2C%20National%20Association.%20The%20accounts%20receivables%20were%20issued%20by%20Walmart%20Stores%2C%20Inc.%20The%20accounts%20receivables%20would%20be%20purchased%20at%20about%2099.6%25%20of%20the%20face%20value.%20The%20interim%20order%20was%20issued%20on%20December%2020%2C%202012.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20substantially%20all%20the%20assets%20of%20THQ%20Inc.%20on%20January%2011%2C%202013.%20Volition%20Inc%20emerged%20from%20its%20Chapter%2011%20bankruptcy%20through%20sale%20of%20substantially%20all%20its%20assets%20on%20January%2024%2C%202013.%20The%20company%20was%20acquired%20by%20Koch%20Media%20GmbH%20from%20THQ%20Inc%2C%20for%20%2422.30%20million%2C%20pursuant%20to%20the%20US%20Bankruptcy%20Court%u2019s%20order%20dated%20January%2024%2C%202013.%20Volition%20Inc%20will%20be%20retained%20as%20subsidiary.%20Court%20approved%20the%20sale%20of%20substantially%20all%20of%20the%20assets%20of%20debtor%20to%20different%20buyer%20in%20pieces%20for%20a%20total%20purchase%20price%20of%20approximately%20%2472%20million.%20THQ%20Inc.%20filed%20a%20motion%20for%20approval%20of%20auction%20procedures%20to%20select%20a%20liquidation%20agent%20on%20February%2012%2C%202013.%20Court%20gave%20an%20order%20approving%20the%20bidding%20procedures%20relating%20to%20the%20sale%20of%20the%20certain%20assets%20of%20the%20THQ%2C%20Inc.%20on%20February%2018%2C%202013.%20Court%20has%20authorized%20the%20debtor%20to%20sell%20the%20WWE%20video%20game%20license%2C%20Evolve%2C%20to%20Take-Two%20Interactive%20Software%2C%20Inc.%20for%20%2410.89%20million%20in%20cash%20consideration%20and%20assumption%20of%20the%20assumed%20liabilities.%20The%20buyer%20has%20deposited%20%242%20million%20into%20an%20escrow%20account.%20The%20asset%20purchase%20agreement%20was%20signed%20on%20January%2023%2C%202013.%20The%20buyer%20is%20advised%20by%20Willkie%20Farr%20%26
To
mm/dd/yyyy
mm/dd/yyyy
From
mm/dd/yyyy
mm/dd/yyyyDate Range for Stats (05/22/2013 to 05/22/2013)
|
-- High-- Low## % Change |
0 Number of Dividends Paid-- Average Dividend Paid$0.00 Dividends Paid Per Period |
0 Splits60 Transactions365 Days In Range |
Select View:
Open, High, Low, and Close are split adjusted. Adjusted close reflects dividend payouts.
Stock Quotes
Market data is delayed at least 15 minutes.
| Recently Viewed | |||
| JAKK:US | $10.64 USD | +0.10 |  |
COMPETITOR HISTORICAL STOCK QUOTES
| Company | % Change | ||
| Blyth Inc | -- | $14.37 USD | -- |
| CSS Industries I... | -- | $30.85 USD | -- |
| Kid Brands Inc | -- | $1.57 USD | -- |
| LeapFrog Enterpr... | -- | $10.07 USD | -- |
| Lifetime Brands ... | -- | $13.01 USD | -- |
| View Industry Companies | |||
Day VS. Day Stock Price Comparison
| Open | ||
| High | ||
| Low | ||
| Close | ||
| Volume |
Post a JobJobs
- Malibu, CA | JAKKS PacificPosted: May 21
- Malibu, CA | JAKKS PacificPosted: Apr 05
Sponsored Financial Commentaries
Sponsored Links
Report Data Issue
To contact JAKKS PACIFIC INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.
Please enter your information in the following field(s):
Your requested update has been submitted
Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.
