Midway's shares fall by 12%

  • Posted October 22nd, 2008 at 06:33 EDT by

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.

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