Neoseeker : News : THQ files Chapter 11 as part of an Asset Purchase Agreement with a "stalking horse bidder"
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harbin Dec 19, 12
A stalking what? The *bleep*s a horse bidder? Does Horse know about this?
Staff
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bluexy Dec 19, 12
harbin Hahah, it means that they kinda came out of left field to buy THQ before THQ was necessarily ready to sell.

Imagine you're a horse racer and your horse isn't winning any races, but she's still got some races to be run. A dude in a suit approaches you, "Hey, my boss thinks your horse still has potential. We know you're not quite selling yet, but we've got a bid for when you open the horse up for bids." Horse racer sees the money, sees someone that believes in the horse, and says, "Hell yes." Stalking horse bidder.
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Spook Dec 19, 12
I'll bet those stocks are looking pretty good right about now.
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Horse Dec 19, 12
quote harbin
A stalking what? The *bleep*s a horse bidder? Does Horse know about this?
It's probably jbh. He pays me to do a lot of things, some...questionable.
Staff
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bluexy Dec 19, 12
A Person They're tanking, for sure. As part of chapter 11 NASDAQ will delist them some time in the next week, but until then... abandon ship!
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Spook Dec 19, 12
They're down almost 73.9% at the moment.
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Lesley Pro_04 Dec 23, 12
I picked up an updated bluexy. Three days ago, World Wrestling Entertainment, whose video games are produced by THQ, released the following statement in response to THQ's Chapter 11 filing:

quote
STAMFORD, Conn., December 20, 2012 – WWE (NYSE:WWE) is listed in THQ, Inc.’s recent bankruptcy filing as an unsecured creditor holding a claim of approximately $45 million reflecting the entirety of the existing multi-year agreement. Any impairment of a current THQ account receivable would be immaterial to WWE's financial statements. Even if the impact of THQ’s bankruptcy were detrimental to WWE, the Company does not believe that the ultimate economic impact for financial statement purposes would materially and adversely affect the results of operations or financial position of WWE in light of the strength of the WWE brand and the historical performance of WWE's video game business.
Source

Also, according to this, WWE is anticipating the event that they'll have to participate actively in the proceedings.
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