When we read about Midway
's recent troubles
, we're glad
we don't own any piece of the company. However, Warner Bros. executives see the same stories and think "we need
that." Midway announced
today that a "stalking horse
" asset purchase agreement with Warner Bros. has commenced, with Warner bidding $33 million for the majority of Midway's assets, including studios in Chicago and Seattle, as well as the Mortal Kombat
According to Midway's press release, the agreement does not
include rights to TNA
wrestling games, nor Midway's San Diego and Newcastle studios.
This isn't a sure thing yet: before the Warner agreement goes through, other "qualified buyers" will be allowed to put in bids in a "court-supervised auction process."