Chicago — Video game publisher Midway Games said on Tuesday that it has acquired Moorpark, Calif.-based Paradox Development, which is developing Midway's upcoming "Mortal Kombat: Shaolin Monks" title. Midway tendered 333,334 shares for Paradox; the company's shares closed up slightly on Tuesday at $10.84. Midway said the "Mortal Kombat" franchise has generated over $1 billion in games, movies, music, toys and other merchandise since launching in 1992. The acquisition is Chicago-based Midway's third in recent months. The company also bought Austin-based Inevitable Entertainment, developer of its "Area 51" title, and Seattle-based Surreal Software, which created Midway's "The Suffering."
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