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THQ, Inc. (THQIQ)

- OTC Markets
THQIQ is defunct.
  • Feb. 13, 2013, 6:33 PM
    Take-Two (TTWO) is taking over the development of World Wrestling Entertainment (WWE) video games from bankrupt THQ (THQIQ.OB). WWE's licensing business, which is dominated by video game royalties, accounted for 7% of its Q3 sales.
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  • Jan. 8, 2013, 11:43 AM
    Bankrupt THQ (THQIQ.OB -32.9%) has received court approval to complete the sale of its assets through an auction on Jan. 22. P-E firm Clearlake Capital, which THQ agreed to sell its operating assets to for $60M, will make the opening bid. Speculators holding out hope for a higher offer seem to be selling on the news.
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  • Dec. 19, 2012, 2:40 PM
    THQ (THQI -58.7%) has resumed trading following news of its bankruptcy filing: shares have plunged to a mere $0.57. The debt-laden company says Chap. 11 filing is accompanied by a deal to sell "substantially all" of its operating assets to P-E firm Clearlake Capital for a total consideration of $60M (includes a $10M note for THQ's creditors). THQ has also obtained $37.5M in debtor-in-possession financing from Clearlake and Wells Fargo.
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  • Dec. 19, 2012, 1:54 PM
    THQ (THQI -10.1%) is filing for bankruptcy protection. The video game developer's survival has been in doubt thanks to plunging sales, game delays, and heavy credit facility borrowings. Shares spiked lower to $1.22 before getting halted.
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  • Dec. 7, 2012, 2:31 PM
    U.S. retail sales of traditional video game hardware and software fell 13% and 11% Y/Y in November, claims NPD. Those might not be numbers to celebrate, but they're a nice improvement from October's 37% and 25% Y/Y drops. Healthy Xbox 360 sales, the Nintendo (NTDOY.PK) Wii U launch, and strong receptions for marquee gaming titles helped the struggling industry stabilize a bit.
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  • Dec. 5, 2012, 12:45 PM
    Midday top 10 gainers: MMR +82%. EBOD +69%. MBLX +32%. PXP +26%. UEPS +25%. MITK +23%. AVAV +16%. CYCC +15%. CIE +15%. PLAB +13%.
    Midday top 10 Losers: CHTP -36%. LORL -35%. TIBX -21%. MFRM -21%. ANIK -20%. SINO -19%. BLIN -18%. P -17%. THQI -17%. FIZZ -15%.
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  • Nov. 29, 2012, 12:45 PM
    Midday top 10 gainers: HGSH +48%. ACUR +46%. PBM +42%. BLOX +36%. OCZ +24%. THQI +23%. AXR +22%. CARV +21%. TELK +20%. OBCI +16%.
    Midday top 10 Losers: LQDT -17%. VRML -13%. ATEA -12%. LZB -11%. HITK -10%. KSS -9%. LAS -9%. BKS -9%. ABCD -8%. PIP -7%.
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  • Nov. 23, 2012, 12:45 PM
    Midday top 10 gainers: CCCL +42%. MAPP +21%. BGMD +21%. MCP +18%. INUV +16%. FIZZ +15%. ROSG +14%. DAC +13%. RIMM +13%. RIC +12%.
    Top 10 Losers: KITD -64%. PTGI -17%. SGOC -12%. HDSN -9%. TELK -9%. SAB -8%. HRT -8%. NFEC -8%. THQI -7%. RCON -7%.
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  • Nov. 21, 2012, 7:55 AM
    As it fights for its survival, THQ (THQI) will have to do without the services of CFO Paul Pucino, who just resigned. The game developer says it's "evaluating its alternatives" for a replacement. Also, THQ says it has entered into a forbearance agreement with Wells Fargo, which recently declared a THQ credit facility to be in a state of default, and has entered negotiations with a "financial sponsor" that could (unsurprisingly) lead to a "significant and material dilution" for shareholders. (PR)
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  • Nov. 16, 2012, 12:12 PM
    Activision (ATVI +4.8%) registers a big gain after announcing it sold over $500M worth of copies of Call of Duty: Black Ops II in its first 24 hours of availability. GameStop (GME +2.9%), which reported strong initial sales for the game earlier this week, is also rallying. The solid early reception for Black Ops II and Microsoft's Halo 4 are fueling hopes the console game industry will cap what has been an ugly year with a decent holiday season.
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  • Nov. 14, 2012, 9:56 AM
    Wells Fargo has declared a THQ (THQI -3%) credit facility to be in a state of default, the deeply troubled game developer disclosed in its FQ2 10-Q. Wells considers THQ's current borrowings under the facility greater than what the company can support in its current financial situation. In response, THQ has repaid $5.6M of the $21.1M that was borrowed through the facility, and has entered discussions with Wells regarding the matter.
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  • Nov. 9, 2012, 2:12 PM
    For every $2 U.S. consumers spent on traditional video game products in October, they spent nearly $1 on "digital format sales" such as downloads, subscriptions, in-app purchases, and mobile apps, according to NPD. Sales figures for traditional products were predictably bleak - hardware -37% Y/Y, software -25%, accessories +5% - though analyst Liam Callahan thinks rising M/M console sales bode well for the holiday season. Take-Two's (TTWO) NBA 2K13 was the best-selling game. (September) (mobile gaming: I, II)
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  • Nov. 8, 2012, 9:10 AM
    Premarket gainers: DUSA +38%. MTSL +28%. USAT +15%. WLL +11%. ITMN +11%. SD +9%. QCOM +9%. THQI +8%. EZCH +7%. ALU +6%. MWW +7%. TTM +6%. DF +5%.
    Losers: CPRX -56%. BCRX -34%. PANL -25%. SVNT -19%. SGEN -11%. MNST -10%. CNQR -9%. TNK -9%. NBG -8%. PSTI -8%. MAKO -7%. WINI -6%. AUI -5%.
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  • Nov. 7, 2012, 2:23 PM
    THQ (THQI -28%) continues to crater after withdrawing guidance, announcing game delays and a need for fresh capital, and generally putting its survival in doubt in the eyes of many. "The big question is, can it make it to next year?," MKM's Eric Handler asked recently. He noted THQ's cash balance has dropped by 50% since the beginning of FY13, and that it has already tapped $21M from its $50M credit line.
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  • Nov. 7, 2012, 12:45 PM
    Midday top 10 gainers: CALI +89%. SRT +22%. VHC +21%. AMRS +20%. HDY +19%. PKT +16%. FCAL +14%. CNTF +12%. MKTG +10%. SGI +10%. Midday top 10 Losers: QLTY -34%. PLXS -28%. STEC -23%. JRCC -21%. PQ -18%. APRI -18%. FRM -17%. RBCN -17%. PHMD -17%. THQI -17%.
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  • Nov. 6, 2012, 12:45 PM
    Midday top 10 gainers: NVGN +89%. FN +25%. ENOC +19%. ROSG +19%. WTW +18%. CSC +17%. ODP +17%. JIVE +16%. AOL +16%. ACAD +15%. Midday top 10 Losers: THQI -48%. SREV -37%. SYPR -35%. MKTG -30%. VVUS -23%. CDE -22%. CBM -22%. Z -19%. MMYT -18%. ANTH -17%.
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Company Description
THQ is a leading worldwide developer and publisher of interactive entertainment software for all popular game systems, including: Home video game consoles such as Microsoft Xbox 360, Nintendo Wii, Sony PlayStation 3 and Sony PlayStation 2; Handheld platforms such as Nintendo DS, Sony PSP and... More