THQ filed Chapter 11 bankruptcy

THQ Inc., the video game partner of WWE (no longer of UFC as they sold the license to EA a few months ago) filed Chapter 11 bankruptcy to alleviate past debts and were sold in an assets purchasing agreement by Clearlake Capital Group, LP.  The deal includes Clearlake putting up $37.5 million in financing.  They will continue to operate business subject to court approval.  This is a story to watch.  Right now nothing has publicly come out regarding WWE, but this could go in many different ways regarding the license as well as owed royalties from this year.