THQ gets approval for liquidation bankruptcy as its final act

The last part of the long, sad story of THQ’s dissolution has finally come: the former videogame publisher has gained approval for liquidation bankruptcy, meaning every last pencil and stapler will be sold off.

This final liquidation is to pay off its last remaining creditor, using the money it’ll make from selling all of its physical assets and properties. This follows the auction of all of its intellectual properties that saw games like Saints Row going to Deep Silver, South Park: The Stick of Truth to Ubisoft, and Gearbox getting the Homeworld license, among others.

Unfortunately for the creditors, they’ll only get somewhere between 20 to 52 percent of what they’re owed. In the case of the WWE, nothing.