THQ in Financial Freefall
THQ, a publisher widely known to be in dire financial straits, had yet more news regarding the company’s woes. THQ CFO Paul Pucino has resigned without naming a successor, something that does not bode well for the publisher going forward. Furthermore, news has surfaced that indicates THQ is currently in “forbearance” with Wells Fargo through January 15.
Essentially, Wells Fargo is waiving all of THQ’s debt until January, giving the company time and breathing room to sort out their situation. THQ is hoping that game sales between then and now will be enough to keep the company afloat.
So, if you haven’t, maybe buy Saints Row: The Third or Darksiders 2? Maybe?