THQ Is Getting Sold Off Today—Here's Everything We Know [UPDATED]

The sale of THQ's assets in federal bankruptcy court will be finalized today. Word is that the hearing begins at 3 p.m.

Rumors already are spreading as to where THQ's studios and the series developed there have ended up. A Relic Entertainment developer has said he's now an employee of Sega—which it should be stressed is so far unconfirmed by Sega, THQ or the court.

Relic, the studio behind Company of Heroes and many of the Warhammer video games, was currently working on Company of Heroes 2. Their most recent release was Warhammer 40,000: Space Marine.

Additionally, Manveer Heir, a developer at BioWare in Montréal, said on his personal Twitter account that sources he knows within the industry said Ubisoft had purchased the THQ Montréal studio and the South Park license, which includes the upcoming South Park: The Stick of Truth.

[UPDATE: 3:14 P.M.] The sale of THQ's assets has been confirmed in both a letter to employees and in a document just now filed in U.S. Bankruptcy Court.

Here is a list of the winning bidders, the winning bid amounts, and the backup bidder (if any) for the assets sold during THQ's bankruptcy auction. The blog Distressed Debt Investing, which had been following the proceedings in person for some time, said no bids were made for Vigil Games, makers of the Darksiders series.

Relic Entertainment

Makers of Company of Heroes
Winning bidder: Sega, $26.6 million.
Backup: Zenimax Media, $26.3 million.

THQ Montreal

Makers of 1666 and Underdog, titles under development.
Winning bidder: Ubisoft, $2.5 million. No runner-up.

Evolve

(title in development at Turtle Rock Studios)
Winning bidder: Take-Two Interactive, $10.894 million.
Backup: Turtle Rock Studios, $250,000.

Volition, Inc.

Maker of Saints Row
Winning bidder: Koch Media, $22,312,925.
Backup: Ubisoft, $5.4 million.

Homefront

Released 2011; due for a sequel.
Winning bidder: Crytek. $544,218.

Metro

Series; due for the sequel Metro: Last Light.
Winning Bidder: Koch Media, $5,877,551
Backup: Ubisoft: $5.175 million.

South Park

License; South Park: The Stick of Truth is due for release March 5.
Winning bidder: Ubisoft, $3,265,306