Huge rumor involves THQ preparing to drop their status as a major publishing company and could become just a developer company after it was leaked the company was rumored to have cancelled all projects after 2013 with the goal of being sold by 2014.
Starting later this year and all of next year, they are selling off all the non-contracted properties they own in order to generate enough cash to last till they get bought by another big company. The goal is to have enough money to last until around 2015.
THQ really got hammered this generation in terms of poor sales and high development costs compared to expectations which finally could have destroyed their yearly finances. The uDraw blunder alone killed off their 2011/2012 financial year.
Quote:
|
The purpose, Dent alleges, is to ready THQ for sale. "I am hearing everything (in 2014 is canceled), they need to preserve cash," he said. Dent noted THQ's stock price is around 66 cents; it was about $6 this time last year.
|
Edit: THQ is denying the rumor is true but also haven't confirmed their Warhammer MMO isn't cancelled which was expected to be their mega game and money maker for 2013.
http://kotaku.com/5876253/thq-wipes-...e-says-insider