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Warner Bros makes $33m bid for Midway external link

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C21Media | Thu, May 21

 UK
Warner Bros Entertainment has made a US$33m bid for the majority assets of video game company Midway Games, creator of the Mortal Kombat franchise. Midway filed for bankruptcy in February, and the two companies have entered into a "stalking horse" ...

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6 mainstream media weighed in on a similar topic

Thumbnail 9 Months Ago, Virgin.net says (in Warner Bros. to acquire Midway)  UK
Entertainment would acquire substantially all of the Company's US assets including its Mortal Kombat franchise and its development studios in Chicago and Seattle for a purchase price of $33000000, subject to adjustment as of the closing for changes in ...

And MSN Money says (in Warner Bros. offers $33M for Midway Games assets) Chicago-based Midway Games, which declared bankruptcy earlier this year, said the subsidiary of Time Warner Inc. (NYSE: TWX) entered a bid to acquire substantially all of the company's US assets, including its “Mortal Kombat” franchise and its ...

And TechSpot says (in Warner bids $33 million for majority of Midway assets) The move would give Warner access to the Mortal Kombat franchise and Midway's Chicago and Seattle-based development studios. However, for now the two have merely entered a “stalking horse” agreement, meaning that Midway chose the company from a pool of ...

And CNNMoney.com says (in Time Warner Emerges As Lead Bidder For Midway Games Assets) Time Warner Inc. (TWX) has agreed to serve as the stalking horse, or lead bidder, for the sale of Midway Games Inc.'s (MWYGQ) assets, including its Mortal Kombat videogame franchise. The video-game maker's US operations filed for bankruptcy protection ...

And Develop says (in Warner wants Midway for $33m)  UK
As predicted by MCV, Midway has announced that Warner Bros. has made a $33 million bid to buy the firm's US assets. Under the 'stalking horse' agreement, Warner could acquire the Mortal Kombat series and Midway's Chicago and Seattle studios. ...

And CVG Online says (in Warner bids $33 million for Midway assets) Entertainment has launched a $33 million bid for a number of Midway Games' US assets. If the move proves successful it would see Warner acquire the Mortal Kombat franchise and Midway's Chicago and Seattle-based development studios. ...

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