THQ Plunges Most Ever After Reporting Cash Crunch, Loss
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THQ Inc., the money-losing video-game company, fell the most in 21 years after posting a second-quarter loss and announcing it hired Centerview Partners LLC to evaluate its options and raise cash.
THQ tumbled 50 percent to $1.50 at the close in New York, marking the biggest drop since November 1991. The shares have fallen 96 percent in the past two years, cutting the market value to less than $11 million.