Home › DMW Daily › July 17, 2009

Warner Bros. Ends Up Paying $49 Million for Midway Games

Authored by Mark Hefflinger on July 17, 2009 - 8:03am.
New York - Time Warner's (NYSE: TWX) Warner Bros. Entertainment paid a total of $49 million to acquire the assets of bankrupt video game publisher Midway Games, as opposed to the $33 million purchase price stated when the deal was announced in May, Gamespot reported, citing a regulatory filing.

The company is also laying off all 60 employees at Midway's Chicago headquarters; the layoffs don't affect the 100 or so staffers at Midway's Chicago game studio.

Previously, the "Mortal Kombat" developer shuttered game studios in San Diego and Newcastle, England.

 

Related Links:
http://snipurl.com/nfp1z (Gamespot)

http://snipurl.com/nfply (DMW previous coverage)

http://www.midway.com

Published in DMW Daily, July 17, 2009
tags: Games | Deals | Acquisitions | Layoffs | Midway Games | Time Warner | Warner Bros. Entertainment |



Comments

Post new comment

The content of this field is kept private and will not be shown publicly.