Saints Row/WWE developer THQ heading for bankruptcy [Shares plummet overnight]

[Scarlett.]

CEO and Board of directors to take paycuts (http://www.oxmonline.com/thq-ceo-and-board-directors-take-pay-cuts)

240 staff axed (http://www.develop-online.net/news/39661/THQ-to-axe-240-staff)

Unable to meet NASDAQ listing requirements (http://www.kotaku.com.au/2012/02/thq-unable-to-meet-nasdaq-listing-requirements-faces-de-listing/)

This follows on from rumours earlier this year of them shelving all of 2013's games and the cancelling of numerous franchises such as Red Faction last year

[Ramsay]

aw **** :(

[Brother Leon]

Someone needs to pick up both of those games very quickly.

[Shaun]

Noooooooo :(

[Samuel.]

I think WWE could benefit from this.

Just hope this isn't the end of Volition.

[Scarlett.]

THQ bought out Volition a few years back after Volition were heading for bankruptcy themselves D:

[Scarlett.]

This should highlight the severity
http://i.imgur.com/zW9Rr.jpg

THQ unveils future plans (http://www.digitalspy.co.uk/gaming/news/a363885/darksiders-2-metro-last-light-lead-thqs-future-plans.html)

Losses over $55m (http://www.digitalspy.co.uk/gaming/news/a363692/thq-reports-over-usd55-million-loss-last-quarter.html)

uDraw blamed for losses up to $100m (http://www.digitalspy.co.uk/gaming/news/a363725/udraw-game-tablet-unsold-total-14-million.html)

CEO believes an new Xbox would turn around THQ's fate (http://www.digitalspy.co.uk/gaming/news/a363834/new-xbox-represents-tremendous-opportunity-for-thq.html)

[Smithy]

http://gagadaily.com/public/style_emoticons/default/omg.png

[Shaun]

30%. Ouch. :|

[Scarlett.]

It's getting worse...look at the latest figures
http://i41.tinypic.com/3357dso.jpg