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Midway looking for Mortal Kombat buyer

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Midway looking for Mortal Kombat buyer

Franchise sell-off part of multi-tiered senior employee incentive scheme

The lid has been lifted on a scheme intended to reward 29 of Midway’s key senior employees for the fulfilment of key pre-bankruptcy measures – one of which is the successful sale of its legendary Mortal Kombat franchise.

Netdockets, spotted by Kotaku, has released a document detailing key milestones that 29 unnamed employees have been tasked with fulfilling – and the reward for completion of the tasks is a cool $3,755,000 shared between them.

The first milestone has been met with the co-publishing deal struck with French publisher Ubisoft for Vin Diesel’s upcoming The Wheelman game.

The second relates to Mortal Kombat, requiring either the “execution of an asset purchase agreement for the sale of Midway’s Mortal Kombat franchise assets or the submission of a plan of reorganization to continue as a going concern”.

Midway is still awaiting approval to implement its plan.

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MCV has contacted Midway for comment.

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