THQ has sent a letter to its employees to announce that most of its studios and publishing contracts have been sold to other publishers
South Park Digital Studios claims the publisher did not have the rights to include the licensed game in its recent IP auction
THQ has filed for insolvency, and has sold all its assets to an investment firm
Earlier in the week, THQ announced they were delaying Obsidian Entertainment’s upcoming RPG based on “South Park”. Pushing back release from “sometime in 2012” to Q1 2013, no reason was given for the delay. But an earlier rumor did point to a possible subtitle for the game: The Stick of Truth.