Update: THQ has posted a reponse to the bankruptcy news, stating that the Clearlake deal isn't yet fully nailed down, as THQ is waiting to see if any other offers come in first.
"Our Chapter 11 process allows for other bidders to make competing offers for THQ," says Jason Rubin, President of THQ. "So while we are extremely excited about the Clearlake opportunity, we won’t be able to say that the deal is done for a month or so."
Clearlake Capital Group was going to front $60 million to acquire THQ's business, including its four development studios (Vigil, Relic, Volition and THQ Montreal) and all of its games currently in development. In order to facilitate the sale, THQ filed for Chapter 11 bankruptcy on Tuesday.