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Say it ain't so? The iconic game developers THQ have declared bankruptcy.

Yes its true, rumors that the company was going under sprouted up back in early spring of 2008, but these rumors have been laid to rest with THQ finally declaring bankruptcy due to Vince McMahon; owner of the WWE.

The company owes McMahon and the WWE over $45 million from the video game and is currently selling all of their assets to a private equity firm.

The company has been steadily declining since 2008 and have lost an estimated $850 million since their declaration of bankruptcy.



Now THQ fans had hoped that maybe the new WWE game would save them from this tremendous loss, but it didn't even poke a dent in the debt.


What does this mean for one of the biggest companies around? Well its pretty obvious, no more THQ Games..

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Actually, it's been stated that no games are under threat and that they will continue production.

I hope that THQ doesn't stop the production of games. Their Saints Row series is one of my favorite game series of all-time. THQ should although step up their game and begin making games with better graphics and a better engine so that they could get more profit from making games.