WWE Video Game Partner THQ to be Auctioned Off January 22nd
– THQ has received approval from the U.S. Bankruptcy Court to proceed with the sale of the company via auction on January 22nd. The court has approved Clearlake Capital Group’s opening bid to buy the company, but the auction will allow for more bids to be placed.
Besides bids for the entire company being taken, bids for individual assets in the company will be accepted. All bids are scheduled to be submitted by 9:00 AM ET on January 22nd, with the formal auction being held at 3PM ET. The closing of the purchase will be finalizes January 24th.
WWE is one of THQ’s top creditors, but at this time, it is not known what their role in the auction may be.