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Midway previously set a flat sale price of $30 million for the entire stable of its properties. However, much is still up in the air, as it may choose to sell off those IPs individually. Other prominent IPs held by the company include arcade hits Gauntlet, Joust and Galaga.
Midway Games Inc. today announced that the company is taking significant steps to reduce its cost structure, including a reduction in workforce, the closure of its Austin, TX, studio, and the suspension of development on several non-core games.