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THQ Inc. Files For Bankruptcy Protection, Plans Asset Sale To Clearlake Capital Group

|Includes:THQ, Inc. (THQIQ)

THQ Inc. (NASDAQ: THQI), which describes itself as a leading worldwide developer and publisher of interactive entertainment software, voluntarily filed for chapter 11 bankruptcy protection today in Wilmington, Delaware. The company also announced that, in connection with the bankruptcy filing, it had entered into a "stalking horse" agreement with affiliates of Clearlake Capital Group, L.P.

Read more details and view a copy of free court filings from the case on our blog:

Stocks: THQIQ