THQ Plans to Acquire East Coast Graphics Firm

THQ Inc. said it has reached an agreement to acquire a Massachusetts graphics company for 250,000 shares of its stock, plus $600,000 in cash.

THQ plans to acquire GameFX Inc., based in Arlington, Mass., which has developed a 3-D graphics system that can be used to simulate combat in video games.

The deal still has to be approved by THQ’s board of directors, but the acquisition is expected to close within 30 days, the company said.

THQ’s stock has been trading recently for about $28 a share, which would make the deal worth about $7.5 million.

THQ, headquartered in Calabasas, is a publisher and distributor of entertainment software for products made by Sony, Sega and Nintendo.