Exclusive: Publishing giant THQ have today announced to its staff that it will be closing down its studios.Updated - 16:03PM

THQ have contacted N-Europe and debunked the story. Meanwhile our source has apparently confirmed that THQ's office in Woking, Surrey was allegedly closed this morning. The site is the home to THQ Wireless, a main UK branch of the publisher. Check back for an official statement soon.

Original Article:

An insider source confirmed to N-Europe this morning that THQ's staff have been informed of the company's imminent closure this morning.

THQ were established in 1989 and have since been responsible for producing numerous critically acclaimed titles, including fan-favourite De Blob and the WWE series, and are set to publish Deadly Creatures for the Wii next month.

THQ closed five studios back in November due to financial difficulties - sadly, it appears that the company couldn't get past their troubles.

It is not yet known how many jobs will be lost or which games will be cancelled, but a formal announcement should follow according to our source.