Warner Bros. Entertainment

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.

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.