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Rumor: Could THQ be a takeover target?


THQ's stock price took a big leap upwards on Tuesday in trading on rumors that the game publisher might be putting the "For Sale" sign up. MCV reports that Time Warner, Electronic Arts, Viacom and Fox/NewsCorp are all rumored to be looking at the publisher which had its stock price go up 13 percent on those reports.

Naturally none of the companies involved are commenting on the published rumors. THQ got caught with low selling games last year and as a result cut 25 percent of its workforce along with a number of its internal development studios. However, THQ's successful release of the console-only UFC boosted its bottom line recently and may provide new interest in companies who might want to acquire the company to obtain the UFC game license as well as others.

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