Ubisoft “interested” in possible acquisiton of THQ IPs, says Guillemot

Tuesday, 13 November 2012 16:29 GMT By Stephany Nunneley

Ubisoft has admitted interest in some of THQ’s IPs, according to comments made by CEO Yves Guillemot to GI International.

Speaking in a wide-ranging interview on the site, Guillemot lamented the situation THQ was facing, but said such matters are the nature of the game industry beast.

“What happened to [THQ] is something that happens regularly when we have transition,” he said. “Some can make it, some decide to go in different direction. It happened with Atari and Midway and also Acclaim last generation. … It’s something that happens in this industry and that’s the way the industry consolidates.”

Guillemot said Ubisoft is open for discussions on acquiring some of THQ’s IPs, but he declined to say which franchises the firm was most interested in acquiring.

“They have good things,” he said. “We are always interested in good brands. For sure, it’s something we can consider, but I can’t tell you more.”

Last week, THQ reported a net loss of $21 million and the delay of titles South Park: The Stick of Truth, Company of Heroes 2, and Metro: Last Light. The following day, the company’s stock dropped 46%, and the firm has hired an accountancy company to seek “strategic and financing alternatives.”

It was reported over the weekend that THQ was in default on $50 million line of revolving credit with Wells Fargo.