Well, this is an interesting turn of events. After Clearlake’s plans went awry for keeping THQ whole, its assets will be auctioned off to the highest bidder, with bids required to be submitted by 9 AM January 22nd. Multiple publishers have already expressed interest in their properties, including major firms like EA and WB. It’s now being reported that Tim Schaffer’s Double Fine has requested bankruptcy filings in the THQ case as well, leading to speculation that the publisher may be interested in acquiring one or more of THQ’s properties.
Of course, Double Fine certainly isn’t flush with cash; the company was on the verge of laying staff off before their very successful Kickstarter last year. So while we don’t see Double Fine having their name on the next Saint’s Row or Darksiders, the company could surely do great things (and afford) franchises like De Blob.
We’ll follow the story to see if Double Fine makes a move.
Source: Distressed Debt Investing