News: Mortal Kombat vs DC Universe must have sold really well.
Midway has announced that its bankruptcy woes may be coming to an end as the company has entered into a "stalking horse agreement" with Warner Bros. Interactive Entertainment to purchase all of their US assets.
Warner Bros. is said to be looking to acquire Midway for $33 million. The deal would include the Mortal Kombat franchise, Midway's main Chicago studio and Midway Seattle. Midway previously worked with WBIE in the creation of last year's Mortal Kombat vs DC Universe (Warner Bros. owns DC Comics outright).
Several studios and properties would not be included in the deal. These exclusions include Midway San Diego (who developed
TNA Impact!), the TNA license itself and Midway Newcastle (who developed
Wheelman).
However, the Warner Bros. sale is not a done deal yet. As part of the bankruptcy proceedings, Midway will offer itself up for auction where other qualified buyers will bid on all or part of the company.
But whatever way you slice it, Midway (and more importantly, the Mortal Kombat franchise) will live on.
We'll have more soon.
Grand Theft Auto 5 Collectors Edition announced Xbox 360, PS3
Donkey Kong Country Returns 3D swings into stores today for Nintendo 3DS
Xbox One Q&A with Major Nelson reveals new details about the console
Resident Evil Revelations now available for Wii U, Xbox 360, PS3 and PC
Forza Motorsport 5 confirmed as an Xbox One launch title
Xbox One available for pre-order in the UK at GAME retail outlets
Xbox One will get Battlefield 4 along with the PS4, PC
Thief for Xbox One officially announced for 2014
Call of Duty: Ghosts worldwide reveal trailer shown at Xbox One event
Xbox One arrives in late 2013 with Kinect, more powerful Xbox Live