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THQ discontinuing uDraw business

As part of its restructuring, THQ had planned on shelving licensed kids games. In addition, it appears THQ is no longer producing its uDraw tablet.

THQ filing confirms major layoffs

An SEC filing by THQ confirms that the company plans to layoff as many as 240 employees by the end of September this year as part of its restructuring plan.

THQ gets stock delisting notice

Nasdaq has given THQ a stock delisting notice, giving the company 180 days to rise and maintain its stock at or above $1 per share.

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