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Judge approves Midway sale to Warner Bros.

By Brendan Sinclair, GameSpotPosted Jul 2, 2009 12:25 pm PT

Mortal Kombat maker cleared to emerge from bankruptcy thanks to $33 million acquisition offer.

Midway Games is just about ready to turn the final page on its Chapter 11 saga: a Delaware bankruptcy court judge yesterday approved the company's proposed $33 million sale to Warner Bros. Interactive Entertainment. The sale should close in short order, as the judge waived a standard 10-day waiting provision in such cases, saying "time is of the essence."

Midway lives to fight again.

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.

In approving the sale, the judge also dealt with a variety of objections to the sale raised from various parties. Notably, a dispute with a producer of the original Mortal Kombat movies and TV shows was allayed as all parties agreed that the change in ownership to Warner Bros. Interactive Entertainment would not alter his rights regarding the franchise in any way. However, there was no determination on exactly what those rights were.

A representative with Warner Bros. Interactive Entertainment declined to comment on the acquisition or the expected closing date of the purchase, while a Midway spokesperson had not returned request for comment as of press time.

67 Comments

  • GothiK8DragoN

    Posted Jul 24, 2009 3:03 pm PT

    God Help Midway! We Need a MK game that has a Great Story and Awesome Game Play.

  • MVCFreak

    Posted Jul 10, 2009 11:44 am PT

    I Wish Li Mei was back in MK9!

  • geoff-uk123

    Posted Jul 10, 2009 9:42 am PT

    Yes! MK9 will be made!

  • BrolyLSSJ3

    Posted Jul 8, 2009 1:07 pm PT

    lets hope the next MK is game is good

  • otanikun

    Posted Jul 6, 2009 7:54 pm PT

    Not bad, I approve of this ^_^

  • Zero9698

    Posted Jul 6, 2009 1:02 pm PT

    they may release a mk movie

  • backatcha

    Posted Jul 6, 2009 9:27 am PT

    A solid purchase.

  • ZedX-14Pilot

    Posted Jul 6, 2009 8:44 am PT

    Considering WB sucks as bad or WORSE as Midway, their games will still suck hard.

  • IBEX333

    Posted Jul 6, 2009 7:41 am PT

    Doesn't really matter... Mortal Kombat hasn't been the same for many years now. WB will make it ever worse though in an effort to achieve an "E" rating...

  • StephenBassford

    Posted Jul 5, 2009 5:22 pm PT

    DUBAYAH B!

    Midway has done some masterful things (a few generations to go). Here's to hoping that Midway will start making great games again.

    *raises glass*

  • JamesSoprano

    Posted Jul 5, 2009 4:57 pm PT

    that's good i liked MK VS DC Universe it had a cool storyline too it and was nice to play it was a fresh idea to the table. but to see them going back to old roots is a good idea as well. MK Armageddon was not too bad it was ok but MKVSDC Universe i thought was better

  • sleath_hunter33

    Posted Jul 5, 2009 4:32 pm PT

    ***** now mortal kombat gonna suck ass form the worlds most brutal game to the worlds gayest game what next epic losses the right of gears to some ***** company

  • BtmnHatesRbn

    Posted Jul 4, 2009 9:22 am PT

    So, how long before Warner Bros. gets Infograms to re-obtain all of Atari that they sold off in 1984? Then what? Take on Apple with the Atari Falcon Cell version? (Only really old Atari computer users will get that one.) Or release a new version of the Jaguar? This is WB buying their old company back.

  • BtmnHatesRbn

    Posted Jul 4, 2009 9:20 am PT

    @MVCFreak Pick up a copy of Gotham City Sirens at a comic book shop for Harley Quinn in a schoolgirl outfit.

  • BtmnHatesRbn

    Posted Jul 4, 2009 9:19 am PT

    @Zerobeam Time Warner is one of the biggest publishers of adult content: gangster rap, Vertigo/WildStorm comics, Steven Seagal movies, etc. Are the R rated movies Terminator 3 and 4 "family friendly"?

  • Zerobeam

    Posted Jul 4, 2009 5:46 am PT

    Warner Bros. seems like one of those "family" companies, wonder if Midway is still gonna be shooting for that "M" rating for the next Mortal Kombat game...or maybe it'll be MK vs. Looney Tunes universe

  • MVCFreak

    Posted Jul 3, 2009 3:22 pm PT

    I would luv to see Harley Quinn,Poison Ivy,Black Carnary,Zantana,Jade,Sindel,Millena and Tanya in Mortal Kombat Vs. DC Universe 2!

  • hannify

    Posted Jul 3, 2009 1:38 pm PT

    Bah buy the damn newcastle studio you cheapos

  • danmazza

    Posted Jul 3, 2009 12:36 pm PT

    Let's get a new Psi-Ops game going, that was the sweetest game no one played. You could suck peoples brains out and make their heads explode then set em on fire and throw em 100 yards at another enemy. It was freakin sweet.

  • Microwin

    Posted Jul 3, 2009 10:30 am PT

    the problem began when they're started to hire more and more people and didn't wanted to let go of people who's been with the company for years, in the end no matter how much they made, it still wasn't enough. Either work with what you got, or fire those that aren't needed and hire new blood. You can't make everyone happy, in the video game business, no job lasts forever!

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