3 Million Shares of THQ Stock Offered for Sale

THQ Inc., a Calabasas marketer of video games and toys, said it and some of its shareholders hope to sell up to 3 million shares of common stock in a public offering.

Of the total shares being offered, 1.5 million are held by the company and the remaining shares are owned by certain shareholders, it said. THQ, whose stock now trades at about $6 a share, said proceeds from the offering would be used for working capital and other general corporate purposes.

Volpe, Welty & Co., the underwriter for the offering, has an option to purchase an additional 450,000 shares, THQ said.

The company also said it reached a tentative agreement to develop and market interactive entertainment software for Sega Enterprises Ltd.’s Genesis system. It said it is negotiating a definitive agreement with Sega, which it expects to finalize later this year.