The WWE / TNA Wrestling Thread

Tensai has went from beating Cena and Punk on his return to getting beat by Santino lol

 

Tensai beat Cena and now he's losing to Santino. Things went well for him then. :smiley-laughing002:

 

The Shield are the only thing making WWE worth watching right now.

 

The Shield, Punk, Ziggler and waiting for the Undertaker and the Rock to come back.


Hopefully that means that we don't have to suffer Sin Cara for a bit now that The Shield have "injured" him.

 

Sheamus teaching Cena about father ted

 

Raw looks average next week its also taped next wednesday so no live raw new years eve either

 

Things you never thought you'd read.

 

from what i read of the spoilers it seems the only good thing that happenend although the main event is meant to be an alright match also they're taping next weeks smackdown tonight

 

Yeah, next week's show looks pish. Nobody will be watching either on Monday, especially in America. Better things to do on Christmas Eve. Could be looking at one of the worst ratings in Raw history, especially with it being taped.

 

yeah it'll be taped episode on new years eve as well so it'll be two weeks of bad ratings but they can hardly help that

 

I fell in love with the WWE again. TLC and Raw were both excellent shows.

I love Ric Flair and when The Shield's music hit I was genuinely scared for Flair's health :smiley-laughing002:

 

[ame="http://www.youtube.com/watch?v=Ik4GZeZ-s-k"]Prime Targets for Ryback? - "WWE Inbox" - Episode 47 - YouTube[/ame]

Hilarious *.

 

Anyone else think they could be building to Daniel Bryan vs The Rock?

 

not meaning to sound like a * but apart from there segment at raw 1000 they've done nothing with each other so what makes you think that

 

the hints that bryan keeps bringing up against the rock on Smackdown this week plus he's on fire just now!

 

that bit with yoshi and titus and his whistle

 

never seen smackdown so didn't know that but he's got punk at the rumble and he's also wrestling at elimination chamber so something might happen there but it'd be a funny feud think of the promo's

 

the bit with Ryback though..

"Oh sorry brother we weren't aware you hadn't taken your medication," "He ruined my shorts! these are the shorts you bought me remember."

 

THQ, WWE's video game publisher, has filed for Chapter 11 bankruptcy protection and will seek a buyer to help it recover from years of business and creative missteps.​

The Agoura Hills, California company is working with private investment firm Clearlake Capital Group, which has agreed to enter a $60-million "stalking horse" bid for THQ's U.S. assets. Any potential suitor for THQ would have to offer more than that. ​

Details of the move were made available in the following press release.​

THQ Inc. Secures Asset Purchase Agreement with Affiliates of Clearlake Capital Group, L.P.​

Clearlake Offers to Acquire THQ’s Assets Via Section 363 under Chapter 11; Company Obtains Commitment for Interim Financing to Fund Operations Without Interruption​

AGOURA HILLS, Calif.--(BUSINESS WIRE)--Dec. 19, 2012-- THQ Inc. (NASDAQ: THQI), a leading worldwide developer and publisher of interactive entertainment software, today announced that it entered into an Asset Purchase Agreement with a “stalking horse bidder,” affiliates of Clearlake Capital Group, L.P., to acquire substantially all of the assets of THQ’s operating business, including THQ’s four owned studios and games in development. The sale will allow THQ to shed certain legacy obligations and emerge with the strong financial backing of a new owner with substantial experience in software and technology.​

To facilitate the sale, THQ and its domestic business units have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Court for the District of Delaware. The company’s foreign operations, including Canada, are not included in the filings. The company has obtained commitments from Wells Fargo and Clearlake for debtor-in possession (DIP) financing of approximately $37.5 million, subject to Court approval.​

THQ will continue operating its business without interruption during the sale period, subject to Court approval of THQ’s first-day motions. All of the company’s studios remain open, and all development teams continue. The company remains confident in its existing pipeline of games. THQ maintains relationships with some of the top independent development studios around the globe. As part of the sale, the company is seeking approval to assume the contracts of these studios, and Clearlake will assume these contracts.​

“The sale and filing are necessary next steps to complete THQ’s transformation and position the company for the future, as we remain confident in our existing pipeline of games, the strength of our studios and THQ’s deep bench of talent,” said Brian Farrell, Chairman and CEO of THQ. “We are grateful to our outstanding team of employees, partners and suppliers who have worked with us through this transition. We are pleased to have attracted a strong financial partner for our business, and we hope to complete the sale swiftly to make the process as seamless as possible.”​

According to Jason Rubin, who joined THQ as President last May, “We have incredible, creative talent here at THQ. We look forward to partnering with experienced investors for a new start as we will continue to use our intellectual property assets to develop high-quality core games, create new franchise titles, and drive demand through both traditional and digital channels.”​

Clearlake has agreed to serve as the “stalking horse bidder” for a Section 363 sale process, which allows other interested parties to come forward with competing bids. Aggregate consideration offered by Clearlake for the purchase totals approximately $60 million, including a new $10 million note for the benefit of the company's creditors. The company is asking the Court for a schedule to complete the sale process in about 30 days.​

Consumers and retailers should see no changes while the company completes a sale. The new financing will support business operations throughout the period. THQ does not intend to reduce its workforce as a result of the filing, and employees will continue to work their usual schedules and receive normal compensation and benefits, pending customary Court approval.​

As is the case after a Chapter 11 filing, THQ expects to receive notice from NASDAQ informing the company that its shares will be delisted from the exchange within nine calendar days of notification.​

THQ is being advised by Centerview Partners LLC and FTI Consulting as its financial advisors and Gibson, Dunn & Crutcher as legal counsel. Clearlake is being advised by DLA Piper as legal counsel.​

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^^^^^^^^^^^ and i hope the * do go bankrupt can't even get a game online with my m8 because of diffirence in dlc so what was the point in me buying it if i can't play my mate who dosen't have it * wankstains