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Warner to pick up Midway from bankruptcy

By on May 21, 2009

GamaSutra is reporting that Warner has bid $33 million for Midway, $3 million above the bonus target revealed in court documents last month.

The deal includes Mortal Kombat and the Chicago and Seattle studios but leaves out the San Diego and Newcastle (formerly Pitbull) studios.

The deal is subject to the courts, and now that Warner has made a bid, other companies may come forward, since the option of picking up the Mortal Kombat franchise at an absolute bargain price is much less likely.

About Nicholas Lovell

Nicholas is the founder of Gamesbrief, a blog dedicated to the business of games. It aims to be informative, authoritative and above all helpful to developers grappling with business strategy. He is the author of a growing list of books about making money in the games industry and other digital media, including How to Publish a Game and Design Rules for Free-to-Play Games, and Penguin-published title The Curve: