Last night we detailed what assets THQ sold off as part of its auction to generate enough cash to pay down some of its debt, and today we know just how much. The information comes from THQ's filing with the U.S. Bankruptcy Court in Delaware. The court has approved the sale of the assets, but the Chapter 11 bankruptcy case will continue as the former top-three publisher figures out what to do with its remaining assets.
According to information collected by Gamasutra, THQ generated a total of $72 million from the sale of intellectual property, licenses, and its wholly owned studios. The company did not manage to sell off Vigil Games or the Darksiders franchise which the studio is responsible for, and reports indicated that all employees there have been laid off. Another report indicates that THQ sold off its lucrative WWE game license to Take-Two.
Here's a breakdown of the assets sold and what they sold for:
– Sega purchased Relic and the Company of Heroes franchise (including Company of Heroes 2) for $26.6 million.
– Koch Media purchased Volition and Saints Row for $22.3 million and the Metro: Last Light IP for $5.9 million.
– Crytek paid $500,000 for the Homefront IP.
– Take-Two Interactive grabbed Evolve (being developed by Turtle Rock Studios) for $10.9 million.
– Ubisoft bought THQ Montreal for $2.5 million, and the rights to the South Park: The Stick of Truth IP for $3.3 million.