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THQ rumoured to close Japan publishing arm

THQ is set to close its Japan publishing arm at the end of this month, according to reports.

These suggest the decision was made to close the office after the recent well-documented financial troubles of its parent company, based in North America.

THQ recently axed 240 staff, with CEO Brian Farrell halving his salary to $360,000 amid a torrid financial year.Earlier this month THQ announced a net loss of $56m for the three months ending December 31st, 2011.

MCV has contacted THQ for clarification.

Read the full story on Develop.

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