THQ the publisher behind Saints Row the Third, Darksiders II, and WWE ’13 have filed for chapter 11 bankruptcy in a press release.
“The sale and filing are necessary next steps to complete THQ’s transformation and position the company for the future, as we remain confident in our existing pipeline of games, the strength of our studios and THQ’s deep bench of talent,” said Brian Farrell, Chairman and CEO of THQ.
“We are grateful to our outstanding team of employees, partners and suppliers who have worked with us through this transition. We are pleased to have attracted a strong financial partner for our business, and we hope to complete the sale swiftly to make the process as seamless as possible.”
THQ will continue to operate as normal and will not affect any of the games that are currently in production such as: South Park: The Stick of Truth, Metro Last Light, Company of Heroes 2, and Home Front 2.
Jason Rubin, president of THQ explains clearly the situation in this article.