Publisher will become privately owned once its bankruptcy filing is approved by the court.

THQ, which filled for chapter 11 bankruptcy late in 2012, was removed from NASDAQ over Christmas, and is now listed on OTC Markets making shares available for trade only by phone or direct electronic connection.

Once THQ’s request for bankruptcy is approved by the court the publisher will become privately owned, with trades unavailable.

Earlier in 2012 THQ narrowly avoided de-listing on NASDAQ by reducing the number of its shares thus raising each remaining share’s value.

On December 20 THQ announced it had entered into an agreement with private investment firm Clearlake Capital Group to sell off its assets, and hoped to complete the deal within 30 days.

Source: Gamasutra