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Tag: bankruptcy

Rumor: Twenty companies participating in Atlus auction, including Sega

In case you haven’t heard, Atlus’ parent corporation, Index Holdings, is going bankrupt following the failure of some shady (possibly illegal) investments. As a result of their bankruptcy, Index has reportedly already started auctioning off their assets, including Atlus. Financial news site Bloomberg Japan is reporting …
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Creditors File More Than $200 Million in Claims Against THQ

THQ’s bankruptcy and subsequent auctioning off of it’s IPs has been one of the most public displays within the industry of recent memory. As if the former publisher didn’t have enough problems already, numerous creditors are filing millions of dollars worth of claims against the former …
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THQ plans to auction off remaining franchises

THQ’s most popular franchises, like Saints Row and Metro 2033, have already found new homes following the publisher’s bankruptcy. While other third parties were quick to snatch up some of THQ’s IPs, some of their other series’, such as Vigil Games’ Darksiders, have yet to be …
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Sick Man of Gaming, Atari, Files for Bankruptcy, Not Quite Dead Yet

Bloomberg, and others, are reporting today that Atari’s U.S. operations, owned by French parent company Atari, SA, have filed for Chapter 11 Bankruptcy. Although it sounds pretty bad, given Atari’s checkered corporate past it could just be another in a long line of legal moves to …
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THQ Stock Tanks, Future Uncertain

Despite the fact that Saints Row: The Third has sold 5 million units and that Darksiders 2 has been given a completely respectable 84 on Metacritic, THQ’s stock has tanked nearly 50% since yesterday, down from $3.02 a share to $1.69. To put these numbers in …
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L.A. Noire Developers Goes Bankrupt – Team Bondi Now Under Australian Administration

Team Bondi is really out for the count, the company is literally gone; unreachable, no contact and the company’s establishment is now just another empty office in the outskirts of Sydney, Australia. Yes, the worse has came, after battling rigorous issues for the last few months, …
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