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WWE News: Video Game License to be Acquired by Take Two

THQ has been giving us some great WWE games for a long time now. From the NWO/WCW World Tour days, to WWE ’13, THQ has barely disappointed it’s fans, as it consistently provided us with excellent video games. But, as of now, THQ is bankrupt, and are no more.

To All THQ Employees:

We now have the answers we’ve been seeking through our financial restructuring and Chapter 11 case. While much will be written, here are the facts of the bids and auction that occurred t:

Yesterday morning, we received a competing bid for the operating business, along with Clearlake’s offer, and numerous offers for separate assets. During an auction process that lasted over 22 hours, the final conclusion was that the separate-asset bids would net more than a single buyer for the majority of the company. Shortly, we will, present the results to the U.S. Bankruptcy Court, which must concur with our assessment. The proposed sales of multiple assets is as follows : Sega agreed to purchase Relic Koch Media agreed to purchase Volition and Metro Crytek agreed to purchase Homefront Take 2 agreed purchase Evolve and Ubisoft agreed to purchase Montreal and South Park We expect these sales to close this week.

Some assets, including our publishing businesses and Vigil, along with some other intellectual properties are not included in the sale agreements. They will remain part of the Chapter 11 case. We will make every effort to find appropriate buyers, if possible.

What this means for employees

We expect that most employees of the entities included in the sale will be offered employment by the new owners. However, we cannot say what these owners may intend, and there will likely be some positions that will not be needed under the new ownership. You should receive notice this week or early next week if the new owners intend to extend employment to you. Please note that the terms of your new employment, including pay and benefits, may be different from the current terms of your employment with THQ.

If you are an employee of an entity that is not included in the sale, we regret that your position will end. A small number of our headquarters staff will continue to be employed by THQ beyond January 25 to assist with the transition. THQ has sufficient resources to pay these employees for work going forward, and we will be contacting these employees immediately to ensure their continued employment during this transition period. We are requesting the ability to offer certain severance pay to minimize disruption for employees of non-included entities as they determine the next steps in their careers.

We know you will have many questions about this news. We’ll be meeting tomorrow when we return to talk through this announcement and to answer any questions you have. You will receive a benefits fact sheet and FAQs with answers to some questions that may be on your mind. Please review these materials closely.

A personal note

The work that you all have done as part of the THQ family is imaginative, creative, artistic and highly valued by our loyal gamers. We are proud of what we have accomplished despite today’s outcome.

It has been our privilege to work alongside the entire THQ team. While the company will cease to exist, we are heartened that the majority of our studios and games will continue under new ownership. We were hoping that the entire company would remain intact, but we expect to hear good news from each of the separate entities that will be operating as part of new organizations.

For those THQ employees who are part of entities that are not included in the sale, we are confident that the talent you have displayed as part of THQ will be recognized as you take the next steps in your career.

Thank you all for your dedication and for sharing your talent with the THQ team. We wish you the best of luck and hope you will keep in touch.

Sincerely,

Brian Farrell Chief Executive Officer

Jason Rubin President

But now, since THQ is out of business, WWE has taken a new creator for their games. The following is from ign.com.

The era of THQ wrestling games is over. Sources have indicated to IGN that the WWE game franchise will be sold to Take Two, parent company of 2K. Terms of the sale are unknown at this time, as details have not been finalized. These negotiations appear to have taken place outside THQ’s formal auction process.

This news comes as THQ assets have been divided among several different publishers, pending court approval.

For more on WWE games, and THQ’s future, stay tuned to IGN – official announcements are expected as soon as tomorrow.

What do I think of this news? While it’s sad to see THQ leave the WWE enterprise, Take Two will bring a refreshing change to the WWE games, which have been redundant as of late. In the end, THQ will be missed, but 2k will add something THQ has been missing: entertainment.

What do you think of this news? Respond in the comments section below, and follow me on Twitter @NextBigThingSiD. Thank you.

About Siddharth "SiD" Grover

Wrestling writer for nearly two years; have a knack for inspiring greatness, and overall, a pro wrestling fan. Also, Indian, and a contributor to WrestleEnigma.com. Let's get weird.
  • http://twitter.com/ARobWE Austin Robinson

    This is awesome. I love Take Two and their 2K games.

    NBA 2K13 is one of the best games I’ve ever played. MLB 2K12 is amazing.

    And in case you didn’t know, they also own Rockstar games, which makes games like Red Dead Redemption and the Grand Theft Auto series.

    I’m super psyched for this, as I think it will result in fantastic games in the future.

    • SiD

      Exactly, me too.

  • https://twitter.com/DragonSagaWE Jason “Dragon Saga” Patrick

    THQ always disappointed with their wrestling games. WWE ’13 is WWE ’12 with little to no gameplay improvement.

    • SiD

      Exactly. Imagine WWE 2k14. Woah.

  • http://twitter.com/JoEburGett_WE Joe Burgett

    Take Two has broken massive group in the video game industry through several games, but their sports side with 2K has become a massive hit. The NBA games are considered so good that EA Sports has given up on doing the NBA Live game and are letting them simply have that market. They did well with NFL until the issues with EA and NFL becoming a partner of sorts. 2K has also been able to put out terrific games outside of sports, so we know their story ideology will be good. I loved THQ and what they did with the franchise, but I was calling for 2K to get the WWE long ago and now that they have it, expect 2K to simply destroy all wrestling games before it.

    There might be new control systems fans will have to get used to, maybe even a look change. But no one does it better in this world, than Take Two. The Japanese powerhouse has been ahead of the game world for years.

    • SiD

      Let’s hope for the best…