Interestingly, though Warner Bros. purchased a $33 million-sized chunk of the company last month, the report states that WB paid out more to the tune of $49 million "including the assumption of certain liabilities" -- presumably some of the debt owed to creditor. A Midway rep told the Chicago Tribune that, while the executive offices have been closed and everyone let go, all 100 employees at the company's Chicago development studio have been offered jobs by WB. Oh, right, we almost forgot -- yes, the Midway San Diego offices (and its TNA wrestling license) are still up for sale -- at least for another 45 days or so.
Source 1 - Kotaku
Source 2 - Chicago Tribune
Source 3 - US Securities and Exchange Commission