The bedraggled publisher THQ is set to auction off its most profitable game assets at auction January 22nd, after a ruling from bankruptcy Judge Mary Walrath that found the original plan of direct selling assets to the Clearlake Capital investment firm would leave THQ’s creditors little time to offer their own bids. Analyst blog Distressed Debt Investing described the upcoming auction as “…piecemeal (‘title by title’) sales of THQ assets.”
Said assets will include the rights to the ‘Saints Row’ and ‘Darksiders’ IP, and possibly the publisher’s subsidiary studios. Reports from Distressed Debt have identified Electronic Arts and Warner Brothers as part of five interested parties in THQ’s assets. Ubisoft CEO Yves Guillemot expressed similar interest in the publisher’s IP back in November of last year. Distressed Debt’s latest report on the technical details of the upcoming auction can be found here.