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Midway files for Chapter 11

Thursday, 12th February 2009 16:53 GMT By Patrick Garratt

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Midway’s filed for Chapter 11, it’s been confirmed.

“This was a difficult but necessary decision,” said boss Matt Booty.

“We have been focused on realigning our operations and improving our execution, and this filing will relieve the immediate pressure from our creditors and provide us time for an orderly exploration of our strategic alternatives. This Chapter 11 filing is the next logical step in an ongoing process to address our capital structure.”

The move is supposed to allow the firm to restructure while essentially being bankrupt.

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7 Comments

  1. Hunam

    They just wont die will they?

    #1 6 years ago
  2. Retroid

    /Tries to care

    #2 6 years ago
  3. Rock_Me_Amadeus

    They’re going to struggle to unfuck that

    #3 6 years ago
  4. G1GAHURTZ

    I know some people up in Midway Newcastle. It won’t be a good thing for these guys if they lose their jobs.

    Sort it out Midway!

    #4 6 years ago
  5. SticKboy

    What will happen to The Wheelman? That had all the makings of a surprisingly unshit game.

    #5 6 years ago
  6. Patrick Garratt

    It’s all over bar the shouting. There’s no money, and there won’t be any.

    #6 6 years ago
  7. Hunam

    Did you take the money pat?

    #7 6 years ago

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