Tag Archives: midway

Midway creditors sue Sumner Redstone

Creditors at Midway Games have launched a lawsuit against former Midway owner Sumner Redstone and his company National Amusements Inc, claiming that the firm was hurt when Redstone sold his 87 percent stake in it for $100,000. Bloomberg reports than an official committee of unsecured Midway creditors filed a complaint …

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Warner Bros in for Midway?

Reliable trade sources have informed MCV that Warner Bros is readying a potential bid for Midway Games. It is thought that the LEGO publisher is particularly keen to acquire Midway’s flagship Mortal Kombat and Stranglehold franchises, as well as its retro IP such as Gauntlet adn Joust – and a …

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$30m to buy Midway

As finances continue to worsen for troubled publisher Midway the owners and debtors of the firm have agreed that $30m is the new target sale price. A key employee incentive plan, as reported by Variety, states that 28 key Midway members will receive a number of financial rewards if this …

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Mortal Kombat devs seeking Midway split

Reports are claiming that the development team behind Mortal Kombat franchise are in active talks with other publishers” over a possible split from current publisher Midway and the formation of a new studio. Kotaku reports that the 50-strong team were pushed into the move for, amongst other reasons, the withholding …

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Midway holding Mortal Kombat talks

US publisher Midway has confirmed that it is holding talks with parties interested in acquiring its cherished Mortal Kombat property – but it added that it would still ideally like to hold on to its brand. There are conversations for certain,” spokesperson Geoff Mogilner told MTV. There’s definitely interest in …

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Midway haemorrhaging cash at an alarming rate

Midway owner Mark Thomas, who bought the publisher for $100,000 last December , has admitted that Midway’s cash reserves are rapidly depleting. In a filing unearthed by GamePolitics, Thomas states: Midway has an immediate need to access and use AHS’s Cash Collateral [another company owned by Thomas]. Nor can it …

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Midway looking for Mortal Kombat buyer

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 …

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Ubisoft to publish Midways Wheelman

Midway has announced Ubisoft will be publishing its upcoming title The Wheelman. The troubled publisher has entered into a strategic relationship with its France-based rival in order to bring The Wheelman, an action driving game featuring Hollywood talent Vin Diesel, to all major territories. Ubisoft will handle sales, marketing and …

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Midway delisted from NYSE

US publisher Midway has been delisted from the New York Stock Exchange after failing to meet regulations. The firm was warned last November that it needed an average closing price of $1.00 per share over 30 consecutive trading days. The market’s regulatory board has now decided that Midway’s stock should …

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