Finance.yahoo.com is reporting that THQ, the makers of “WWE ’13” and other WWE video game titles, has filed for bankruptcy and announced that it has entered into an Asset Purchase Agreement with a “stalking horse bidder affiliates of Clearlake Capital Group, L.P.”
“The sale and filing are necessary next steps to complete THQ’s transformation and position the company for the future, as we remain confident in our existing pipeline of games, the strength of our studios and THQ’s deep bench of talent,” said Brian Farrell, Chairman and CEO of THQ. “We are grateful to our outstanding team of employees, partners and suppliers who have worked with us through this transition. We are pleased to have attracted a strong financial partner for our business, and we hope to complete the sale swiftly to make the process as seamless as possible.”