THQ Chief Executive: we don’t need to buy studios to grow
Posted by: admin in Video Games
Those keeping up with the current video game industry, will probably notice that the current trend is for bigger companies to acquire smaller ones to help stimulate the company’s growth. However, not all video game companies feel the same way.
In an interview with Reuters, THQ’s Chief Executive Brian Farrell made it clear that “M&A [mergers and aquisitions] is not a required or necessary thing in order to grow.”
He also pointed out that the current buy-outs and mergers such as the currently pending Activision-Vivendi deal and EA’s US 2 billion offer for Take-Two Interactive opens up a number of options for THQ:
It’s going to create some opportunities because we are actively looking at each developer, each license out there and with our size now we have the ability to be more aggressive than more massive, slower firms
Interestingly enough, Farrell selected not to speak about any financial forecasts (which might have lead to his conclusions), instead saying that an updated outlook will be released alongside the THQ’s fiscal fourth quarter report (ending in March) comes out. Perhaps we’ll also be hearing more regarding the company’s future plans then.
source pc.qj.net
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