Warner Bros. bids on Midway for some reason
When we read about
Midway's recent
troubles, we're
glad we don't own any piece of the company. However, Warner Bros. executives see the same stories and think "we
need that." Midway
announced today that a "
stalking horse" asset purchase agreement with Warner Bros. has commenced, with Warner bidding $33 million for the majority of Midway's assets, including studios in Chicago and Seattle, as well as the
Mortal Kombat franchise.
According to Midway's press release, the agreement
does not include rights to
TNA wrestling games, nor Midway's San Diego and Newcastle studios.
This isn't a sure thing yet: before the Warner agreement goes through, other "qualified buyers" will be allowed to put in bids in a "court-supervised auction process."
