The move was criticized by the company's unsecured creditors who said it gave an unfair advantage to Clearlake and was designed to specifically thwart other potential bidders.
"While we had hoped that the restructuring process would allow the company to remain intact, I am heartened that the majority of our studios and games will continue under new ownership," said THQ Chief Executive Brian Farrell.
The case is In Re: THQ Inc, U.S. Bankruptcy Court, District of Delaware. No:12-13398.
(Reporting by Tanya Agrawal in Bangalore; Editing by Joyjeet Das)
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