THQ acquires San Diego studios of Midway Games
Midway Games has announced that they are selling their San Diego based studio assets to THQ.
The deal is worth around USD 200,000.
Midway however clarified that the deal does not include the TNA wrestling game which was developed at this studio.
This studio has around 100 employees. [...]
Warner Bros. Entertainment bids for Midway Games
Warner Bros. Entertainment has announced that they are launching a bid for the videogame company Midway Games.
Their offer is worth around USD 33 million.
Midway Games is behind some popular videogame franchises like Mortal Kombat. The company had filed for bankruptcy protection earlier this year.
Warner is not interested [...]
Midway Games files for Chapter 11
Midway Games announced that they have filed for Chapter 11 bankruptcy protection.
The company said that they would not be able to pay back accelerated debt obligations.
Midway has around $281 million in debt and just $167.5 million in assets.
The company suffered due to selling of stake from Sumner Redstone. [...]
Studio Will Remain Open To Host Central Outsourcing Group and Two Unnamed Prototype Projects
Midway Games Inc. (NYSE: MWY) today announced that it has canceled an as-yet-unannounced project in production in its Austin, TX, facility, and as a result Midway will have a reduction in force of a portion of the affected development team. The [...]
Special three-pack includes fan favorites: Mortal Kombat: Deception®, Mortal Kombat: Armageddon® and Mortal Kombat: Shaolin Monks®
Midway Games Inc. (NYSE: MWY), a leading interactive entertainment industry publisher and developer, today announced Mortal Kombat®: Kollection™, a special collector’s edition box set that combines three of the most recent Mortal Kombat releases from the award-winning, and Midway’s [...]
David Zucker stepping down as the CEO of Midway Games
Videogame Company Midway Games has revealed that their CEO David Zucker is leaving the company.
The company is now looking for a new leader who can help them out coming out of struggling period.
Midway Chairman Shari Redstone said in a statement on the new developments: “The [...]
