> What does it mean when a company has folded?

What does it mean when a company has folded?

Posted at: 2015-07-28 
I went on Wikipedia to learn about the company called THQ. They made a lot of my favorite video games when I was growing up. But it says that the company has "folded". What does that mean?

Here's the link, on the right side it shows the logo and underneath it says Folded:

http://en.wikipedia.org/wiki/THQ

When a business fails and is forced to permanently close, stopping all their operations and laying off all their employees, the informal way to state this action is to say the business folded.

The game developer and publisher THQ filed Chapter 11 bankruptcy in December 2012, and all of the company assets, including the games, were sold via a bankruptcy auction. The company permanently closed their doors in January 2013, laying off all employees. The following short list shows some of the games and the companies which acquired the intellectual property of each.

-- Sega acquired Company of Heroes by purchasing Relic

-- Koch Media acquired Saint's Row by purchasing Volition, Metro

-- Crytek acquired Homefront

-- Take-Two acquired the unannounced game Evolve

-- Ubisoft acquired the South Park game by purchasing THQ Montreal

-- Gearbox Software acquired Homeworld

-- 505 Games acquired Drawn to Life

-- Nordic Games acquired titles in the Darksiders, Red Faction, and MX series, along with Titan Quest, Supreme Commander, Juiced, Frontlines, Stuntman, Full Spectrum Warrior, and Destroy All Humans

To discover which publisher currently handles a specific THQ title, suggest searching the internet for the specific games you have an interest in locating.

http://kotaku.com/5978429/this-is-the-le...

http://www.polygon.com/2013/4/22/4252414...

http://en.wikipedia.org/wiki/List_of_THQ...

"Folded" means they are closed and out of business. It is a reference to olden times when a camp was broken down to "move on"; the tents were folded and loaded on the cart/wagon.

They went kaput

They are no longer in business. They're history.

they are belly up

duh... folded

means busted broke shut closed finished kaput