Midway Sale to Warner Bros. Deal Approved
Chicago-based Midway, a once powerful gaming giant, has now gained approval to sell to Warner Bros. for $33 million. A Delaware bankruptcy judge found that all outstanding issues with the sale have been resolved and proceedings can move forward. The sale will cover “substantially all” of Midway’s assets to Warner Bros., the only company to place a bid.
If the sale goes through, Warner Bros. would assume control of the intellectual property for Mortal Kombat, Wheelman and most other current and older Midway assets. I don’t know about you guys, but I’m pretty psyched about the thought of Mortal Kombat vs. F.E.A.R. or Wanted vs. Blitz.
