Item 1.01 Entry into a Material Definitive Agreement

In connection with its ongoing Chapter 11 case (the "Chapter 11 Case") in the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"), THQ Inc. (the "Company") and Take-Two Interactive Software, Inc. ("Take-Two") entered into an Asset Purchase Agreement dated as of February 12, 2013 (the "Take-Two Asset Purchase Agreement"), pursuant to which the Company agreed to sell substantially all of its assets related to WWE to Take-Two pursuant to, inter alia, Sections 105, 363 and 365 of the Bankruptcy Code. Pursuant to the terms of the Take-Two Asset Purchase Agreement, the consideration received by the Company was comprised of the settlement of certain claims related to royalties due and potential damages claimed under the Company's license agreements with World Wrestling Entertainment, Inc. ("WWE") and Yuke's Co., Ltd. ("Yuke's"). The settlement of these claims was reached pursuant to that certain Yuke's Development Agreement Termination Agreement dated as of February 12, 2013, by and between Yuke's and the Company (the "Yukes Termination Agreement"), and that certain License Termination Agreement dated as of February 12, 2013, by and between WWE and the Company (the "WWE Termination Agreement"), respectively.
The foregoing description of the terms of the Take-Two Asset Purchase Agreement, Yukes Termination Agreement and WWE Termination Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of such agreements, which are incorporated herein by reference, and are accessible at the Kurtzman Carson Consultants Internet site at http://www.kccllc.net/thq. In addition, documents filed in connection with the Chapter 11 Case (other than documents filed under seal or otherwise subject to confidentiality protections) will be accessible at the Bankruptcy Court's Internet site, www.deb.uscourts.gov, through an account obtained from Pacer Service Center at 1-800-676-6856. Additional information may also be found at the Company's website at www.thq.com. The information set forth on the foregoing websites shall not be deemed to be a part of or incorporated by reference into this Current Report on Form 8-K.

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