Warner Bros to buy Midway?

  • Posted April 24th, 2009 at 22:13 EDT by Eric Blattberg

As the global economy continues to crumble, game companies are feeling the heat. Midway, esteemed Mortal Kombat publisher, filed for bankruptcy in February.

New information has surfaced suggesting that media mammoth Warner Bros will buy out the ailing company.

“Warner is pretty confident that they will get Midway – which will be an immediate boost to their portfolio," a source close to Midway informed MCV. "The deal isn’t done yet. Midway is still open to offers from other potential buyers – but Warner looks to be favourite to wrap it up. They look ready to put the money on the table.”

Midway hopes that Warner Bros will match its overall target price of $30 million USD for the entire company, but is willing to sell off its IPs and studios separately if necessary.

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