Rumor: Could THQ be a takeover target?

Posted Sep 23rd 2009 7:00PM by John Callaham
Filed under: Biz

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.

Tags: fox, midway, thq, time-warner, warner-bros-interactive

Add your comments.

Your comments:

Remember me

E-Mail me when someone replies to this comment

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.