THQ Files For Bankruptcy

**Emperor Smeat** · 01-09-2013, 05:07 PM

The auction has some pretty weird rules in that if any bid for an IP is less than $60 million then the decision that blocked Clearlake Capital Group from buying THQ gets lifted.

If a bid goes over $60 million then that group also has the ability to buy THQ while CCG has to wait until after the auction and only if that group declined. Think CCG can even lower their $60 million offer since it would now be based on what THQ has left.

Saints Row 4 is the only IP being valued at over $60 million so whoever buys it has the chance to also own THQ. The WWE series is only worth around $30-$40 million or what THQ basically earns each year from sales.

01-09-2013, 05:07 PM	#11
Emperor Smeat Former TPWW Royalty Posts: 66,657	The auction has some pretty weird rules in that if any bid for an IP is less than $60 million then the decision that blocked Clearlake Capital Group from buying THQ gets lifted. If a bid goes over $60 million then that group also has the ability to buy THQ while CCG has to wait until after the auction and only if that group declined. Think CCG can even lower their $60 million offer since it would now be based on what THQ has left. Saints Row 4 is the only IP being valued at over $60 million so whoever buys it has the chance to also own THQ. The WWE series is only worth around $30-$40 million or what THQ basically earns each year from sales.