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For those whose positions are not likely to continue, I sincerely regret this outcome and we will be meeting with you over the next few days to discuss the transition.' 'I was brought in eight months ago to help turn this ship around, and while I’m disappointed that we could not effect a sale for the entire operating business, I am pleased that the new buyers will be providing jobs to many of our very talented personnel,' added THQ president Jason Rubin.

Although we will no longer be able to work together with a unified mission, I am confident that the talent we have assembled will continue to make an impression on the video game industry. 'It has been my pleasure to work alongside this great group of people, and I am proud of the imaginative and artistic games that our team has created. 'While we had hoped that the restructuring process would allow the company to remain intact, I am heartened that the majority of our studios and games will continue under new ownership,' said THQ CEO Brian Farrell. Based on bids received (and detailed below), THQ notes that 'the THQ estate will receive approximately $72 million, making the total estimated value of the estate $100 million including certain assets and other intellectual properties which were excluded from the sale.' bankruptcy court has now 'granted a motion to approve a sale of the majority of THQ’s assets to multiple buyers.' The court is expected to formally approve the sale tomorrow.

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