THQ is in ‘real danger’ of going bankrupt - Michael Hickey

Michael Hickey, who is an analyst for Janco Partners has today stated that well known games company THQ is in real danger of going bankrupt, even saying that it is down to a 50/50 chance.

According to GamesIndustry.biz, Hickey made his comments in a recent report at the LA Business Journal. With game licences from big companies such as Disney/Pixar and the WWE, it is worrying times for THQ at the moment. Hickey also had time to draw comparisons with THQ and fellow company Midway, who are also having financial difficulties at present.

He stated, ”You have mediocre product and you’re running out of cash, Not the situation they want to be in right now. You want a strong basket of original properties that are of high quality, that’s what acquirers are looking for. Otherwise you have Midway. ”

We’ll keep you updated on events to follow.

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