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04-25-2009, 08:07 AM
Midway's situation is pretty desperate, not the least because court documents say they'll be completely out of money by June. But if the Market for Computer and Video Games' "reliable trade sources" are right, then Warner Bros. may soon be riding in for the rescue.
Warner Bros. has been keen to build its portfolio lately, having earlier made a bid for Eidos before Square Enix made their purchase. In seeking to purchase Midway, Warner Bros. is apparently most interested in the Mortal Kombat and Strangehold titles, as well as retro properties like Joust, Galaga and Gauntlet.
According to one of MCV's sources, "Warner is pretty confident that they will get Midway - which will be an immediate boost to their portfolio. The deal isn't done yet. Midway is still open to offers from other potential buyers - but Warner looks to be favorite to wrap it up. They look ready to put the money on the table."
Midway may still unload its franchises separately, but at the moment, the going rate is $30 million. Hopefully this will all go down quickly -- we want to to play LEGO Mortal Kombat.
1UP
Warner Bros. has been keen to build its portfolio lately, having earlier made a bid for Eidos before Square Enix made their purchase. In seeking to purchase Midway, Warner Bros. is apparently most interested in the Mortal Kombat and Strangehold titles, as well as retro properties like Joust, Galaga and Gauntlet.
According to one of MCV's sources, "Warner is pretty confident that they will get Midway - which will be an immediate boost to their portfolio. The deal isn't done yet. Midway is still open to offers from other potential buyers - but Warner looks to be favorite to wrap it up. They look ready to put the money on the table."
Midway may still unload its franchises separately, but at the moment, the going rate is $30 million. Hopefully this will all go down quickly -- we want to to play LEGO Mortal Kombat.
1UP