It seems as though video game developer/publisher THQ may be in some serious trouble. According to a rash of Tweets sent out by Kevin Dent, who claims to head up the IGDA’s Mobile Special Interest Group, THQ has canceled its 2014 games lineup and is looking for someone to buy them out. Here are some of the Tweets he sent out:

Also heard that THQ are offering themselves to Asian firms to increase value!

@PeterSkerritt they cancelled all of their 2014

In addition, word is spreading that THQ has returned IP to Disney AFTER paying the advance, with no refund.

THQ has some very popular IPs in the gaming industry under their umbrella – with Saint’s Row, Red Faction, and Warhammer 40k to name a few. Hopefully, these rumors turn out to be false. We have sent a request for comment to THQ and will update you guys as soon as we hear more.

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Jerry Paxton

A long-time fan and reveler of all things Geek, I am also the Editor-in-Chief and Founder of GamingShogun.com