Beleaguered Saints Row publisher THQ has filed for Chapter 11 bankruptcy, the company announced today. The company has entered into an asset purchase agreement with a bidder to acquire "substantially all of the assets of THQ's operating business." This includes THQ's four wholly-owned studios and games in development.
"The sale will allow THQ to shed certain legacy obligations and emerge with the strong financial backing of a new owner with substantial experience in software and technology," the company said in a statement.
Full story: http://uk.gamespot.com/news/thq-files-f ... cy-6401772
All those great games they made too. Like, er, erm, um....
Owned: Spectrum Jaguar JaguarCD Lynx ST 7800 Dreamcast Saturn MegaDrive Mega-CD 32X Nomad GameGear PS3 PS PSP WiiU Wii GameCube N64 DS, GBm GBA GBC GBP GB VirtualBoy Xbox Vectrex PCE Duo-R 3DO CDi CD32 GX4000 WonderSwan NGPC Gizmondo ColecoVision iPhone PC Mac
Saints Row The Third was my game of 2011 so I am sad to see them suffer this fate.
I do hope EA doesn't get it's sticky fingers on them as I was looking forward to the Metro: Last Light 
“The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents. We live on a placid island of ignorance in the midst of black seas of the infinity, and it was not meant that we should voyage far.”
? H.P. Lovecraft