THQ (THQI -5.3%) shares swoon after the videogame publisher updates its business strategy by...

|By:, SA News Editor

THQ (THQI -5.3%) shares swoon after the videogame publisher updates its business strategy by exiting traditional kids' licensed games and focus on core franchises. THQ has made games in the past under license agreements with Disney and Nickelodeon that included properties such as "SpongeBob Squarepants" and "Cars."