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Ubisoft to buy THQ studios, IP? Publisher seeking 'bargain deal'

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Ubisoft is reportedly interested in a 'cut price' deal for THQ studios and its IP.

The French publisher is said to have entered negotiations to acquire franchises such as Saints Row, WWE, Darksiders and Company of Heroes, reports MCV.

Ubisoft logo
Saints Row The Third (THQ)

© THQ















Ubisoft expressed an interest in purchasing THQ IP earlier this year, and is hoping to pick up THQ assets for as little as possible if the reports are accurate.

The news comes after THQ filed for chapter 11 bankruptcy earlier this week.

The company entered an agreement with an unnamed buyer through Clearlake Capital Group to purchase THQ and all company assets, including all games currently in development and studios including Vigil, Relic, Volition and THQ Montreal.

Clearlake is facilitating the sale, with a current bidder price of approximately $60 million for purchase of the company including $10 million for the benefit of the company's creditors. Other bidders will be permitted to come forward with offers as well during the sale process, with THQ requesting in bankruptcy court that the sale be concluded within 30 days.

The process means that THQ can listen to rival bids until it is forced to sell.

THQ says that there will be no reduction in staff at any of its studios during the sale, and that there will be no change in any of its current in-development titles.

'Company of Heroes 2' screenshot

© SEGA / Relic Entertainment

Latest screenshots of Metro: Last Light

© THQ



Company of Heroes 2, Metro: Last Light and South Park: The Stick of Truth are all still scheduled to release in early 2013 as previously planned.

Metro: Last Light and Company of Heroes 2 will both be available in March 2013, while South Park: The Stick of Truth is expected to launch for Xbox 360, PS3 and PC between April and June.

> 'Darksiders 2', 'Metro: Last Light' lead THQ's future plans

Watch a trailer for Metro: Last Light below:

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