According to a rumor report at Kotaku, games industry insiders are reporting that THQ is readying itself for sale by divesting itself of properties as well as cancelling any titles due for release in 2014. The latter includes Warhammer 40K: Dark Millenium Online.

THQ's stock has tumbled from $6.00 per share last year to $0.66 per share currently.

We will keep you posted as this story develops.

Update THQ's chief spokesperson has issued a statement denying the rumor that it has canceled its 2014 projects.

"THQ has not cancelled its 2014 line-up, and has not made any decisions regarding the planned MMO. As part of the ongoing review of our business, we have made decisions to ensure that the company is strategically addressing the most attractive markets. As we have previously announced, we have dramatically reduced our commitment to the kids' boxed games sector which leads to a significantly more focused release schedule moving forward. Our slate for calendar 2012 and beyond is focused on high-quality core games and continues to build our digital platform and business. We are excited for our pipeline of original and high-quality content along with our relationships with some of the best talent in the industry.