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THQ Chooses E3 to Close San Diego Studio, Sell UFC

Amidst a slew of E3 news, THQ’s confirmed that on top of selling the UFC license to Electronic Arts, it’s laying off all of its employees at its San Diego studio. San Diego studio was apparently working on the next game in the UFC series, but since THQ’s sold the UFC license, the game’s no longer obviously needed. No doubt THQ, which already is in dire straits with its financial situation, had no choice but to lay off a studio it no longer had use for.

THQ’s been quiet, opting to not bring a booth to E3 this year. It’s only showed off South Park: The Stick of Truth at Microsoft’s E3 Press Conference yesterday, which was apparently impressive enough to bring THQ’s stock price up by 11.06 percent today up to 72 cents (at the time of this writing). It’s no wonder then that it’s tried to keep the layoffs on a down low. I highly doubt investors would be happy to hear such.