![]() Since then, THQ's internal studio system grew to eleven studios across the globe with distinct capabilities across all viable gaming platforms. In September of the same year, the company expanded its internal product development capabilities with the acquisition of Volition located in Champaign, Illinois. In February 2000, THQ faced a class action lawsuit over federal security laws violation due to nondisclosure of material information. Company growth and acquisitions (2000–2009) Also that year, it signed a licensing agreement with British game developer Codemasters to bring their titles to their handheld market. In 1999, it signed a deal to publish Power Rangers video games. ![]() In 1997, THQ was reincorporated as a Delaware Corporation, and in 1999 acquired San Jose video game developer Pacific Coast Power & Light. From then on, the Black Pearl Software name would be used for 8-bit and 16-bit games, while THQ introduced the Kokopeli Digital Studios brand name for their 32-bit games. At the Winter CES 1995, THQ signed a deal with Electronic Arts to develop games for their 16-bit and 8-bit home consoles and handheld titles. Jack Friedman then left the company in 1995 to co-found the toy manufacturer Jakks Pacific. THQ withdrew completely from the toy business in 1994 to focus solely on video game production. Following the acquisition, THQ would use the Black Pearl Software name for their Sega games, while the Malibu Games name would be used for the Nintendo games. THQ then acquired video game developer Black Pearl Software of Chicago in 1993. THQ's name was retained for the new company and Friedman was named as its president. The deal was a stock swap valued at about $33 million, with THQ's shareholders owning 51.7% of the new entity. In 1991, Trinity Acquisition Corp agreed to acquire and merge with THQ in a reverse merger takeover. THQ acquired New Ventures, a division of Broderbund, in September 1990. ![]() "THQ" was an initialism for Toy Head quarters. was founded by LJN co-founder Jack Friedman in April 1990. History Background and foundation (1990–1999) The "THQ" trademark was eventually acquired by developer Nordic Games (which had also acquired some of THQ's auctioned-off properties) in 2014 and assumed the name " THQ Nordic" in 2016, while continuing a variety of their franchises under said name. Several properties were auctioned to other companies, while the remaining staff were laid off. The company also held exclusive, long-term licensing agreements with sports and entertainment content creators, such as Disney, DreamWorks Animation, Nickelodeon, and WWE.Īfter years of financial struggles, stock value drop, and debt, THQ filed for Chapter 11 bankruptcy in December 2012 and commenced liquidation of its assets the following month. ATV, Red Faction, and Saints Row, among others. ![]() THQ's internally created game series included Darksiders, De Blob, Destroy All Humans!, MX vs. The company published both internally created and externally licensed content in its product portfolio. THQ continued its trend of acquiring companies throughout the 2000s. Initially working in the toy business, it expanded into the video game business through several acquisitions before shifting its focus away from toys entirely. It was founded in April 1990 by Jack Friedman, originally in Calabasas, and became a public company the following year through a reverse merger takeover. was an American video game company based in Agoura Hills, California. ![]()
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