Competition
Warner Bros. acquisition of Midway approved by judge
Posted by Oliver on July 03, 2009 at 03:49 PM

Midway LogoA bankruptcy court judge has recently approved Warner Bros. proposed $33 million buyout of Midway, as well as two of its studios and select assets from the financially stressed publisher, the most valuable of which is arguably Mortal Kombat.

The judge confirmed that any objections to the deal (and there were many) had been resolved, clearing the way for the acquisition to go ahead.

The deal, however, does not included two of Midway’s development studios, Midway San Diego and Midway Newcastle, both of which have 60 days to find a suitable owner. If this does not happen, the studios will be shut down.

Tags: acquisition, financial, midway, mortalkombat, news, warnerbros
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