As part of THQ's bankruptcy and dissolution in January 2013, Volition was acquired by Deep Silver, changing their name from Volition (legally Volition, Inc.) to Deep Silver Volition (legally Deep Silver Volition, LLC), although they continue to do business as Volition or DSVolition. Only the rights to the Saints Row series, and not other franchises, were included in the transaction.
When THQ filed for bankruptcy, many companies showed interest in the assets of THQ, especially since THQ announced that they will attempt to keep the jobs of their employees by selling their various assets. General manager of Volition Inc., Dan Cermak said that Warner Bros., Electronic Arts, Take-Two, Ubisoft, Deep Silver, and an unnamed group from Chicago all completed site visits in the weeks preceding the sale. Eventually, Volition was acquired by Koch Media for 22.3 million dollars. None of the other companies that showed interest in Volition actually bid except for Ubisoft that bid 5.4 million dollars.
Volition was the second most expensive THQ asset sold during the auction (after Relic Entertainment). It is believed to be worth that much due to the past success of its games that made by the studios such as Saints Row: The Third. In early 2012, Saints Row: The Third sold around 4 million copies from its release date which was in mid November 2011. THQ also claimed that the game's downloadable content packages were performing much better than anticipated.