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Warner Bros. Makes $33 Million Midway Asset Bid, Enters 'Stalking Horse' Agreement

Media conglomerate Time Warner has made a $33 million offer, via its Warner Bros. Entertainment subsidiary, to purchase assets from bankrupt...
Chris Faylor
6

Media conglomerate Time Warner has made a $33 million offer, via its Warner Bros. Entertainment subsidiary, to purchase assets from bankrupt publisher Midway.

The proposal sees Warner attempting to purchase "substantially all of [Midway's] U.S. assets," including the Mortal Kombat franchise plus development studios in Seattle and Chicago. However, Midway was clear that the Warner offer does not include the TNA franchise, the Midway San Diego studio and Wheelman developer Midway Newcastle.

The two companies are now in a "stalking horse" agreement, with a "court-supervised auction process...intended to achieve the highest value possible for [Midway's] stakeholders" set to occur before the court can approve or deny the Warner bid.

Chris Faylor was previously a games journalist creating content at Shacknews.

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  • valcan_s legacy 10 years legacy 20 years mercury super mega
    reply
    May 21, 2009 9:17 AM

    There is so much you could do with MK, give it to Capcom or Namco.

    This just show the quality of the level design, I hate, hate, hate that lvl its horrible not to mention the lighting is so wack in the last one:

    http://www.shacknews.com/screenshots.x?gallery=10927&game_id=5211&id=127712#img127712

    My biggest beef with the 3D transition has always been that the backgrounds are crap, at least in the latest it is way better but still allot of lemons in there.

    Nam or Cap come buy the franchise...

    • MoreVespeneGas legacy 10 years
      reply
      May 21, 2009 10:11 AM

      sounds like you haven't played Deadly Alliance or Deception, two of the best fighters evah

      • valcan_s legacy 10 years legacy 20 years mercury super mega
        reply
        May 21, 2009 11:35 AM

        I have they are real cool for sure, still the backgrounds suck balls and look wack, minor maybe but it is a flaw.

    • NeoChaosX legacy 10 years
      reply
      May 21, 2009 10:26 AM

      I seriously doubt the last thing either Namco or Capcom would want to do is prop up a franchise created by a company from a different country they're based in, and whose entire theme and mood is a radical depature from almost all of their existing fighter franchises.

      • X-Nice legacy 10 years legacy 20 years
        reply
        May 21, 2009 10:33 AM

        What would be hot is a MK vs series with the gameplay of MvsC but the blood/violence of traditional MK.

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