Mortal Kombat

Warner Bros. Bids $33 Million for Midway Games Assets

Authored by Mark Hefflinger on May 21, 2009 - 9:08am.

Chicago - Bankrupt video game publisher Midway Games (NYSE: MWY) said on Thursday that Time Warner's (NYSE: TWX) Warner Bros. Entertainment has bid $33 million for the majority of its assets, including the "Mortal Kombat" franchise. Chicago-based Midway declared bankruptcy in February, after chairman Sumner Redstone sold off his majority stake in the company.

Midway Games Exploring Sale of "Mortal Kombat" Franchise

Authored by Mark Hefflinger on March 2, 2009 - 2:02pm.

Chicago - Embattled video game publisher Midway Games (NYSE: MWY), which recently filed for bankruptcy, is looking to sell its flagship "Mortal Kombat" franchise, according to court documents, GameDaily reported. The company also recently partnered with fellow publisher Ubisoft to release "Wheelman," in a deal that could generate up to $6 million for the company.

tags: Games | Midway Games | Mortal Kombat |

Midway Games Acquires "Mortal Kombat" Developer Paradox Development

Authored by Mark Hefflinger on November 30, 2004 - 4:11am.

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."

tags: Midway Games | Mortal Kombat | Paradox |