THQ's internally created game series included Darksiders, De Blob, Destroy All Humans!, MX vs. ATV, Red Faction, and Saints Row, among others.

The company also held exclusive, long-term licensing agreements with sports and entertainment content creators, such as Disney, DreamWorks Animation, Nickelodeon, and WWE.

After years of financial struggles, stock value drop, and debt, THQ filed for Chapter 11 bankruptcy in December 2012 and commenced liquidation of its assets the following month.

[8] At the Winter CES 1995, THQ signed an expanded deal with Electronic Arts to develop games for their 16-bit and 8-bit home consoles and handheld titles.

[10] In 1997, THQ was reincorporated as a Delaware Corporation,[6] and in 1999 acquired San Jose video game developer Pacific Coast Power & Light.

[14] Also that year, it signed a licensing agreement with British game developer Codemasters to bring their titles to their handheld market.

[15] In February 2000, THQ faced a class action lawsuit over a violation of federal security laws due to nondisclosure of material information.

[16] In September of the same year, the company expanded its internal product development capabilities with the acquisition of Volition located in Champaign, Illinois.

[17] In 2000, it signed a deal with Fox Interactive to bring five of the titles to the Game Boy Color market, such as the Croc franchise.

[18] In 2001, THQ obtained an extended agreement with Nickelodeon to produce video games based on their franchises, as well as computer game rights to Rugrats, SpongeBob SquarePants and Rocket Power and console and computer rights to other Nickelodeon shows like Jimmy Neutron: Boy Genius and The Wild Thornberrys.

[21] In 2004, THQ signed an agreement with MGA Entertainment to publish video games based on the Bratz fashion doll line.

[25][26] In 2009, huge declines in sales prompted THQ to form a strategic plan to cut $220 million in annual costs by 2010 and invest in "fewer, better bets."

[30] In August 2010, THQ unveiled the uDraw GameTablet, a $70 accessory for Nintendo's Wii console that let gamers draw and play on their television screens.

[50] In July 2012, THQ reported that its stockholders had approved the 1-for-10 reverse share split of its common stock to avert a delisting from the NASDAQ.

With its stock price plummeting from early November values bordering on $3 down to $1.16 and with long-term liabilities of $250 million, THQ was forced to delay the release dates of its flagship titles Company of Heroes 2 and Metro: Last Light to March 2013.

[56][57] Skip Paul, a former colleague of Jason Rubin, helped orchestrate the proposed stalking horse bid from Clearlake Capital Group.

[58] However, the bid was ultimately denied by Judge Mary F. Walrath and creditors instead approved an individual auction of THQ's properties, which went ahead on January 22, 2013, one day prior to closure.

Vigil Games and THQ's publishing unit were still included in the Chapter 11 case, although all employees related to these entities were laid off.

[62][63][64] In a posting on Twitter on January 23, PlatinumGames' producer Atsushi Inaba expressed interest in acquiring the Darksiders franchise from THQ.

[65] On February 26, THQ announced that it would sell off its remaining properties – the Darksiders, Homeworld, Red Faction, and Destroy All Humans!