Viewing Post from Friday Jul 03, 2009
Midway Games To Be Sold To Warner Bros.
GameSpot has word that a Delaware bankruptcy court judge approved the proposed sale of Midway Games to Warner Bros. Interactive Entertainment for $33 million. Additionally, the judge has waived the usual 10-day waiting period for such a sale, so "[it] should close in short order".
The acquisition will give Warner Bros. Interactive Entertainment most of Midway's assets, including the Mortal Kombat and Wheelman franchises. The offer does not include Midway's Newcastle (UK) and San Diego studios, nor the TNA Impact wrestling license. Earlier this month, Midway's Newcastle studio revealed its all-new IP, Necessary Force, in an effort to attract a buyer.