Company to auction its IP and studios following a court hearing to approve the $33m Warner Bros bid
Midway is hoping to sell off the company’s entire collection of assets within a month.
The bankrupt company will hold an auction where interested parties can bid for items across its whole range of assets, IP and studios.
Warner Bros recently launched a $33m bid to acquire a Midway’s Mortal Kombat series as well as the company’s Chicago and Seattle studios. This matter is expected to be successfully concluded following a hearing on June 2.
Following this hearing, Midway’s financial advisor Lazard will begin to accept binding offers for its remaining assets up until June 24. A final auction will be held on June 29 where the most valuable bids will be approved for sale.
Items of interest in the auction will include the company’s San Diego and Newcastle studios, ownership of the TNA Wrestling franchise, and the company’s IP which will include casual games and its classic IP library.
Advertisement
Midway’s significantly large list of dormant IP could be brought back to life if acquired by an interested company. Classic Midway properties include Smash TV, Spy Hunter, Rampage, Joust, Paperboy, and Gauntlet.
Comments
Online Pharmacy best pills dfg
http://confluence.public.thoughtworks.org/display/~buy-xanax-no-rx - xanax http://confluence.public.thoughtworks.org/display/~buy-tramadol-no-rx - tramadol http://confluence.public.thoughtworks.org/display/~buy-valium-online - valium http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-ambien-online-without-prescription-buy-ambien-10mg-5mg - ambien http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-xanax-online-buy-xanax-2mg-1mg - xanax http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-fioricet-online-without-prescription-buy-fioricet-cod - fioricet http://connections.blackboard.com/people/50273d6fc2 - tamiflu http://tapestry.formos.com/wiki/display/~buy-tamiflu-winthout-prescription - tamiflu http://boinc.vanderbilt.edu/CSB/view_profile.php?userid=5324 - ambien http://confluence.public.thoughtworks.org/display/~ativan4r5r - ativan http://confluence.public.thoughtworks.org/display/~buy-ambien-without-prescription - ambien
anzsic rectify straws coal pedal ocav supervise
Leave a Comment
HOT TOPICS
Religious leaders slam Modern Warfare 2 131
Microsoft hails its ‘killer weapon’ in battle with PS3 and Wii 79
The Producers pulls out of Trilogy partnership 30
Xbox Live class action begins 17
Russia pulls Modern Warfare 2 from sale? 16
The Hut rebuffs AC2 date break claims 14
MW2 sales pass $550m worldwide 13
60% of UK 360s have failed 13
Facebook hitting PS3 today 8
Call of Duty inspires new retailers 7
RELATED STORIES
Midway's sale attracts sole Warner bid 1
Warner’s Midway buyout gets the nod 1
MK vs DC suffers digital content snub 1
Mortal Kombat team gets Warner rebrand 1
Warner plans Midway IP revamp 1
Warner resurrecting This Is Vegas 1
Hour of Victory targets June 22nd 1
Midway losses continue to fall 1
Midway in USD200 million games blitz 1
Midway aims for a Stranglehold on next-gen market 1
ABOUT US
MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets