Big Huge Games - For Sale or Closure

Remember Big Huge Games (Rise of Nations) and their Ken Rolston-lead RPG?  We haven't really seen anything from the ex-Bethsoft designer's project and it doesn't seem like we will, with Kotaku reporting THQ will shut the studio down in 60 days if they don't find a buyer.  Ironically, our last newsbit for this topic was THQ buying the studio.  A snip:

Sources close to the studio say that Big Huge Games, developer of the Rise of Nations series and Catan for Xbox Live Arcade, has been given notice by THQ, which has intentions to close the studio within 60 days. Official response from THQ is that the publisher informed the Timonium, Maryland-based Big Huge Games that it plans to close the studio if a buyer is not found "in the near future."

CrispyGamer says staff have been notified and they provide an official statement from THQ:

“As part of THQ’s previously announced business realignment and related headcount reduction plans that targeted cost reductions of $220 million, including a reduction in workforce of 600 people worldwide, THQ today notified the staff at two of its development studios that they will be spun out as independent companies: Heavy Iron in Los Angeles, CA, and Incinerator in Carlsbad, CA. In addition, THQ informed the staff at its Big Huge Games studio in Timonium, MD, that it plans to close the studio if a sale is not completed in the near future. These actions were unfortunate but were necessitated by the difficult economic environment.”