THQ has failed to obtain approval for its quick bankruptcy sale. Proposed last month, THQ sought 30 days for approval of a sale which carried a deadline of January 15th. Last week, creditors complained this was an insufficient window and a judge has now agreed.
According to Bloomberg, U.S. Bankruptcy Judge Mary F. Walrath has ruled that THQ's "efforts to market the company for sale before bankruptcy weren't sufficient" to allow the "aggressive sale process."
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