The troubled publisher of games like Saints Row: The Third, UFC Undisputed 3, and SpongeBob SquarePants: Operation Krabby Patty will be closing its Japanese publishing division at the end of this month. This confirms rumors previously reported by Kotaku Australia.
Caught in the crossfire? Valhalla Studios, a development house started by Tomonobu Itagaki and others of Team Ninja heritage who are currently developing Devil's Third for THQ. We'll update with more once information comes to light.