Author Topic: THQ defaulting on $50 million with Wells Fargo (Read 1561 times)

Nickelob Ultra · November 11, 2012, 02:56:32 PM

http://www.ripten.com/2012/11/10/thq-defaults-on-50-million-line-of-credit/

Quote

The document goes on to indicate that THQ is in negotiations to repair the credit line. Were it to disappear, the publisher�s cash flow would be severely impacted. Additionally, they don�t have the funds to repay the credit right now. No other lender is going to bail them out, either. Were this to happen, bankruptcy seems like the only reasonable outcome.

THQ is responsible for publishing many well received titles, including those from the Saints Row and Red Faction series, and also hold agreements with other franchises such as Games Workshop and Nickelodeon. THQ going out would be a big hit for many fans of these series :(

Ad Bot · Advertisement

Tingalz · November 11, 2012, 02:57:32 PM

i'm in the alfa legion too

Nickelob Ultra · November 11, 2012, 02:59:22 PM

Quote from: Tingalz on November 11, 2012, 02:57:32 PM

i'm in the alfa legion too

cool same

Mikoyan · November 11, 2012, 03:16:50 PM

Company of Heroes ;~;

Anti-Block · November 11, 2012, 03:23:59 PM

no saints row 4...

that's a dark thought

Sami2ss · November 11, 2012, 03:37:42 PM

Quote from: Anti-Block on November 11, 2012, 03:23:59 PM

no saints row 4...

that's a dark thought

GTA V is on the way

Anti-Block · November 11, 2012, 03:38:29 PM

Quote from: Sami2ss on November 11, 2012, 03:37:42 PM

GTA V is on the way

Touch�

lordician · November 11, 2012, 05:10:17 PM

Quote from: Anti-Block on November 11, 2012, 03:23:59 PM

no saints row 4...

that's a dark thought

While Saints Row 3 was okay, it wasn't really that great in my opinion.
And then i am not even talking about the many, many mostly useless DLC they brought out.
They are just really squeezing every penny out of the game.

So yeah, i was really pumped for Saints Row 3, i didn't play any other Saints Row, but it looked cool.
But it was quite disappointing in my opinion.
Reason enough for me to avoid the next game in the series, if it ever gets here anyhow.