Tag Archive | "Midway"
Midway To Be Snapped Up By Warner Bros.
A bankruptcy court judge in Delaware has allowed Warner Bros. Interactive Entertainment to buy Midway Games, which filed for bankruptcy in February. Warner Bros. will pay $33 million to acquire the ailing company, Gamespot reports. Popular Midway assets, such as Mortal Kombat, will change hands to Warner Bros. The sale technically still needs to be closed, [...]
Continue reading...Midway Files for Bankruptcy
Thursday, February 12, 2009
This is no surprise, seeing as the company was looking at $150 million in debt last December with just 50 days to pay it, but today Midway Games filed for Chapter 11 Bankruptcy. Chairman, President and CEO Matt Booty called the filing “a difficult but necessary decision,” adding that it buys the company time to figure [...]
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Thursday, July 2, 2009
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