Midway's shares fall by 12%
- Posted October 22nd, 2008 at 06:33 EDT by
- 4 Comments
Forbes is reporting that Midway, publisher of Mortal Kombat vs DC Universe and Unreal Tournament 3, is currently in economic turbulence, with its stock reaching a 52 week low point after its shares dropped by 12 per cent.
Redstone, the company that owns Midway, will more than likely try to sell more of its assets in an attempt to sustain finance and keep the publisher going until Mortal Kombat vs DC Universe is released on November 21.
Midway has lost an estimated USD 580 million since 1999, with CEO David Zucker previously opting to resign from the publisher in March 2008.
Comments
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HeartAttackSilv3rback |
- 6:49am BST - October 22nd, 2008
- 1
1st,
meh,midway puts out more failures then successe's therefore resualting in a decrease.
patience and understanding is a virtue... they need to take thtat into consideration wen developing games (especially nex-gen).
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JamieDavey |
bobby1234SI- 7:03am BST - October 22nd, 2008
- 2
Agreed, hopefully Mortal Kombat can show them that.
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