Ubisoft Expresses Interest In THQ IP

Last week, in the wake of THQ’s absolutely dismal investor call in which they have all but admitted they are unable to fund their current planned slate of games, I commented that “it shouldn’t come as a shock if we start hearing rumors of interest from larger publishers seeking to buy THQ outright.” Would this be humiliating? Yes, especially after new CEO Jason Rubin has made so many drastic changes designed to save the company. But given that over the weekend it was revealed that THQ is in default on a 50 million dollar line of revolving credit, an almost certainly insurmountable challenge, they may have no choice but to accept a dignified death via acquisition.

Well folks, it didn’t take long for the wolves to start sniffing around the edge of the village. In an interview with GI, Ubisoft CEO Yves Guillemot acknowledged the company is possibly interested in buying up THQ IP. “They have good things,” he told GI. “We are always interested in good brands. For sure, it’s something we can consider, but I can’t tell you more.” That’s remarkably cagey, and should probably be taken as a definite sign their interest is more than hypothetical. He would have otherwise ruled it out. Of course, note that he wasn’t talking about buying THQ outright, only unspecified THQ franchises. Which means, most likely, that the publisher’s debt burden is too high to consider purchasing.

But does this mean we’re going to see the slow motion dismantling of the company rather than its purchase outright? Maybe not.”What happened to [THQ] is something that happens regularly when we have transition,” he continued. “Some can make it, some decide to go in different direction. It happened with Atari and Midway and also Acclaim last generation. … It’s something that happens in this industry and that’s the way the industry consolidates.” Ooof.

Frankly, at this point my only concern is that the Saints Row series be allowed to remain alive, but I can’t imagine Ubisoft is interested. Maybe it’s too much to hope that Take-Two might want to own their own competition? Yeah, probably. In the meantime, expect more news like this. Poor THQ.

Via VG 24/7.

Join the Conversation   

* required field

By submitting a comment here you grant GameFront a perpetual license to reproduce your words and name/web site in attribution. Inappropriate or irrelevant comments will be removed at an admin's discretion.

6 Comments on Ubisoft Expresses Interest In THQ IP

LTenhet

On November 13, 2012 at 6:14 pm

This really sucks, THQ has been good to us, been good to console and PC gamers (granted they had some OUTRAGEOUS FLOPS) but it sucks to see a good company failing so badly. I hope they don’t sell the stuff to Ubisoft anyway, otherwise it’ll have atrocious DRM and naturally 90% of PC gamers will pirate the games.

Adam

On November 13, 2012 at 6:34 pm

What are the chances we could get a list of upcoming games this affects?

michael

On November 13, 2012 at 7:40 pm

Ubisoft can’t come up with new ideas so they are trying to buy them. How about this I have some great ideas in my safe and I’ll take 30 percent of what each of my ideas makes.

folklore

On November 13, 2012 at 8:26 pm

Dang man, this bites. I really like THQ. My hope is that Relic and vigil are saved at least. Hopefully with minimum or no alterations to how they operate. I will miss you THQ.

arcade47

On November 14, 2012 at 5:20 am

Man this is really not a good news for pc gamers.Ubisoft delays pc releases of their IP.I dont want delayed version of Metro Last Light

De lolski

On November 14, 2012 at 6:52 am

I just hope Company Of heroes 2 still makes it out. Best outcome would be for THQ to make it completely with little loss, but it looks grim:(