This news is speculation, but still heavy speculation at this point. Don't assume this is fact. Even rumours can be worrisome.
Not even a year gone and THQ has horribly reversed that pre-Homefront positivity. Before the North Korean invasion tale came out, many sites praised the publisher for trying something new. That lead to Homefront becoming THQ's most pre-ordered title, and seemingly beginning the publisher's transition to prominence. But the pre-release buzz quickly faded after review scores weren't as expected, touting a three-hour main campaign and lackluster multiplayer.
Now the company is looking for buyers.
After Homefront, the stock price tanked. According to rumours, what commenced was an irrecoverable spiral now priming the company for imminent doom. The consequences are dire: THQ is forced to cancel its entire 2014 lineup, and titles like Darksiders 2, Devil's Third and others are questionable. Another major victim, reportedly, is Warhammer 40K: Dark Millennium Online, an MMO in development at Games Workshop.
This news comes from the word of Kevin Dent, though until THQ confirms no one should assume anything. Regardless, the potential loss of THQ is a major blow to the gaming industry.
This news isn't entirely surprising, but the timing is throwing many people off. Saints Row: The Third received favourable scores, its WWE brand was recently relaunched, and set for this year are UFC Undisputed 3 (February) and Darksiders 2 (June). Things were going well, or so we thought.
THQ's closing would be an unspeakable loss to an already fragile industry. Of course, the future of many franchises and studios are undetermined at this point, but THQ has many reputable names under its belt. Seeing the company slice-and-diced, though, would be like witnessing the Scramble for Africa.
Honestly, if this revelation is true, I wish everyone at THQ the best. The buyers will come rolling in, probably Activision or EA, to save the remaining assets. The only possible good thing about this whole ordeal is Saints Row 4 mocking this into obscurity. Jeff out.
UPDATE: It's come to my attention that THQ has denied the rumours, but what happens remains to be seen!