Wheelman News
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Judge approves Midway sale to Warner Bros.
Mortal Kombat maker cleared to emerge from bankruptcy thanks to $33 million acquisition offer.
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- Posted Jul 2, 2009 12:25 pm PT
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Midway's UK studio reveals new IP, could be RIP by July
Publisher's Newcastle shop announces crime-noir drama Necessary Force, as remaining time to find a buyer dwindles.
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- Posted Jun 16, 2009 4:00 pm PT
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Midway sale approval expected next week
Bankrupt publisher says court hearing next week should clear the way for Warner Bros. acquisition; competing bids accepted through June 24.
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- Posted May 28, 2009 1:46 pm PT
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Midway gets $33 million Warner Bros. bid
Media giant offers to buy assets of bankrupt publisher, including Mortal Kombat and Wheelman; deal would not cover TNA license, San Diego and Newcastle studios.
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- Posted May 21, 2009 9:06 am PT
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Midway creditors sue old, new owners
Bankruptcy proceedings get uglier with allegations of improper conduct leveled at Sumner Redstone, Mark Thomas over $100,000 sale of controlling interest in publisher.
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- Posted May 13, 2009 11:44 am PT
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Midway golden parachutes bronzed
Bankruptcy court approves incentive plan that sees key employees reap reduced bonuses, but company first needs to survive or sell for at least $30 million.
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- Posted Apr 16, 2009 2:56 pm PT
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Midway owner: Company's cash gone by June
Mark Thomas paints a bleak picture of his new acquisition for bankruptcy court; $30 million listed as highest bid for Mortal Kombat publisher.
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- Posted Apr 9, 2009 7:41 pm PT
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Report: Midway bonuses draw flak from feds
Variety says Official Committee of Unsecured Creditors and the United States Trustee call bankruptcy milestone payouts "outrageous."
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- Posted Mar 31, 2009 10:02 am PT
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GDC 2009: Kaos gives Big Huge tips on cinematic gaming
Rise of Nations, Frontline studio reps tell developers how to make their games more Hollywood-like without using cutscenes.
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- Posted Mar 27, 2009 5:56 pm PT
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Shippin' Out March 22-28: Wheelman, Wanted, Pokemon Platinum
Vin Diesel's latest, Warner Bros. film adaptation, and Nintendo critter collector join Legends of Wrestlemania, Stormrise, and new Final Fantasy Crystal Chronicles in stores this week.
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- Posted Mar 22, 2009 3:58 pm PT
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Redstone, ex-Midway exec subpoenaed
Former majority shareholder Sumner Redstone and ex-chairwoman Shari Redstone court-ordered to answer questions about $100,000 mystery buyout.
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- Posted Mar 5, 2009 2:18 pm PT
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Ubisoft officially driving Wheelman
Following rumors, Midway announces "strategic relationship" with French publisher to distribute road-action game on March 24 in US and March 27 in EU.
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- Posted Feb 18, 2009 1:40 pm PT
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Court OKs Midway operations, NYSE delists stock
US bankruptcy court approves use of cash for continued operations; bondholders file formal objection over mystery buyer's dealings as New York market ceases trading shares of publisher.
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- Posted Feb 17, 2009 5:31 pm PT
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The Wheelman flees to Ubisoft?
Source: Gaming blog Kotaku. What we heard: Today, $150 million of Midway's total $240 million debt load came due, and as the publisher expected, it was unable to meet the obligations owed to creditors. As a result, Midway filed for Chapter 11 bankruptcy, allowing the Chicago-based publisher to...
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- Posted Feb 12, 2009 5:12 pm PT
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Midway bankrupt
Faced with $240 million debt deadline, the once-mighty Mortal Kombat maker files for Chapter 11 protection; Mortal Kombat vs. DC shipments near 2 million.
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- Posted Feb 12, 2009 10:41 am PT
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Wheelman garaged until March 20
Midway delays long-awaited PS3, 360, PC driving game to "provide a more optimal launch timeframe"; demo hitting XBL, PSN beforehand.
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- Posted Jan 20, 2009 8:12 am PT
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Midway secures second debt extension
Mortal Kombat publisher receives slight reprieve on $150 million in outstanding credit; new deadline set for February 12.
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- Posted Jan 16, 2009 5:02 pm PT
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Midway gets credit extension
Mortal Kombat vs. DC Universe publisher now has until February 19 to pay back $75 million, in talks with remaining debt holders.
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- Posted Jan 6, 2009 2:52 pm PT
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Midway trims fat, cuts to the bone
Mortal Kombat and Wheelman publisher to lay off 25 percent of workforce, close Austin studio, cease development on multiple unannounced titles.
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- Posted Dec 16, 2008 10:41 am PT
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Midway reveals $240M debt, payment deadline
SEC filing says Mortal Kombat publisher has 50 days to pay off $150 million in debt; default could trigger subsequent $90 million repayment; company's assets total only $167.5 million.
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- Posted Dec 5, 2008 11:26 am PT
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Wheelman PC Gameplay
Wheelman PC Gameplay I want an indestructible Pontiac just like that one =D
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