THQ has denied a rumor spread through Twitter over weekend, alleging that the company was canceling all of its titles intended for release in 2014, canceling its in-development Warhammer 40K: Dark Millennium Online MMO, and looking to sell itself to an Asian buyer. The rumor was initially spread by Kevin Dent, an executive who works with the International Game Developers Association. After multiple outlets picked up with the story and ran it, THQ issued a statement reading, “THQ has not cancelled its 2014 line-up, and has not made any decisions regarding the planned MMO.”

There are still signs that THQ is experiencing financial trouble, though, and THQ has not yet denied the rumor that it's looking for a buyer. Right now THQ is suffering from record low stock prices, currently trading at $0.66 per share. At this time last year, THQ traded for $6.53 per share. THQ's stock prices began to tumble after the company issued revised financial statements early in December (as reported on Gamasutra), revealing that the Xbox 360 and PS3 release of its uDraw tablet peripheral for kids had sold very poorly. The uDraw proved to be a smash hit the previous year, selling 1.7 million units when released as a Wii exclusive.

Projects currently in development for Xbox 360 at THQ include Darksiders 2, Metro: Last Light, South Park: The Game, Devil's Third, a sequel to military FPS Homefront, and the Guillermo del Toro survival horror title Insane. Games rumored to be in development include Company of Heroes 2, Dawn of War 3, and a sequel to Space Marine. Assassin's Creed creator Patrice Desilets has also opened a studio for THQ in Montreal, where development has begun on an unannounced new project. GamesIndustry.biz reports (login required) that THQ may only be looking to cancel or sell the Warhammer 40K MMO.

SOURCE: THQ denies cancelling 2014 line-up of games [Eurogamer]