It’s no secret THQ are in serious financial trouble. In case you haven’t been following, here’s a quick recap: first poor financials meant they had to delay some of their top upcoming titles, games they hoped would be their saviour; then following that news, their share price plummeted. Finally, it was reported that they had defaulted on their $50 million line of credit with Wells Fargo.
All in all, not doing so hot. THQ are now, understandably, looking for new ways to inject an influx of cashy-money into their company. One way to get some quick cash would be to sell off some IP — a prospect that Ubisoft CEO Yves Guillemot has said would interest his company. “They have good things,” he told GamesIndustry.biz as part of a larger interview. “We are always interested in good brands. For sure, it’s something we can consider, but I can’t tell you more.”
Speaking more generally of THQ’s hard times, Guillemot said that it was lamentable, but part of the nature of the beast.
“What happened to [THQ] is something that happens regularly when we have transition,” he said. “Some can make it, some decide to go in different direction. It happened with Atari and Midway and also Acclaim last generation. … It’s something that happens in this industry and that’s the way the industry consolidates.”