CHAMPAIGN -- Koch Media was the winning bidder for the video game developer, Volition, at more than $22 million. The company had been on the auction block for weeks after its parent company, THQ, filed for bankruptcy last month.
200-people work at Volition. No word if they'll get to keep their jobs.
Original: 10:35 pm, 1/22/13, Tuesday
CHAMPAIGN -- We'll soon learn the fate of a video game developer up for sale. Volition has been on the auction block for a few weeks. Its parent company, THQ, filed for bankruptcy last month.
Bids were due Tuesday. The Clearlake Capital Group has shown interest in buying THQ as a whole, but high bids for each asset could break the company apart.
A hearing on the sale takes place Wednesday. Volition employs about 200 people.